Tuesday, November 11, 2008

It's a Bird! It's a Plane! It's Investigative Journalism!

Kids, if you look quickly, you'll see an interesting example of that endangered species known as investigative journalism. On Nov. 11, the Denver Post ran a cover story by Greg Griffin on the local subsidiary of Lehman Brothers, Aurora Loan Services, responsible for a significant portion of all sub-prime bundling back in the day. I know, New York Times and Wall Street Journal still pay for investigative stories, including ones on the ever-widening financial meltdown, amidst their ever-shrinking budgets. But to find a regional media outlet that still employs good writers to take the time to look behind the day's headlines and write analytical pieces is a wonder to behold. We won't be seeing many of these in the future.


Ruth said...

Good for Greg Griffin, and good for the Denver Post! May they live long and prosper.

How much longer before investigative blogging takes over?

Loring Wirbel said...

I see it from time to time in places like GigaOm and even Huffington, but it's a rare beast, because there isn't a financial model to pay for the underlying work involved, and blogs are still too focused on the immediate. I am worried about the shift from blogs to microblogs like Twitter, which encourage even more superficial and OCD thinking.

Sharon said...

I wonder when truth and accuracy will become profitable?

"A $2 million loan to buy a four-unit property without putting money down or showing any income documents" !!!

John G said...

I don't understand the appeal of twitter either. It does seem somewhat necessary to me for a capitalist democracy to have investigative journalists, without a real investigation we'll have too many false accusations and soon it'll just be name calling. Although what can we do if people don't want to pay for it?

Loring Wirbel said...

If people don't want to pay for real news, or substantive blogs, there's always Twitter.
And when Twitter is gone, there's always justice.
And when justice is gone, there's always force.
And when force is gone, there's always mom.