Pulitzer Winning Journalist Jesse Eisinger on Media Mayhem with Allison Hope Weiner

Episode 7

Episode Synopsis

This week on Media Mayhem Allison welcomes Jesse Eisigner, Pulitzer prize winning senior reporter at Propublica covering Wall Street and finance. Jesse has done some incredible reporting on Wall Street, most notably on how the Wall Street banks have managed to mostly escape any action by the SEC. He shares insight on what led up to the current economic climate, what, if anything, has been done to address the practices responsible for the collapse and how the media has covered the crisis and protests. You can contact Jesse at jesse@propublica.org.

Guest Bio

Jesse Eisinger is a Pulitzer Prize winning senior reporter at ProPublica covering Wall Street and finance who also writes for The New York Times’s Dealbook section. Throughout his career Jesse has worked at the Wall Street Journal, Dow Jones Newswires, thestreet.com and as the Wall Street editor of Conde Nast Portfolio.

Jesse won his Pulitzer Prize along with his writing partner Jake Bernstein for a series of stories on Wall Street’s practices that caused the United States’ most recent financial fallout.

Episode Breakdown

00:00-02:00 Introduction: Jesse Eisinger

02:00 Why do you think the SEC hasn’t done a more comprehensive job investigating banks like Citibank and why they are off the hook?

05:00 How is it possible that you are able to write about what went on and why is the SEC involved in letting people off the hook? Why has the SEC done such a poor job of being able to indict anybody?

07:00 Does the SEC say “we are doing what we can, we are fining these companies”?

09:00 Isn’t the SEC responsible for gathering evidence in order to indict? Are they providing information to the Dept of Justice to prosecute?

11:00 In terms of the cases being complex litigation, in terms of the DOJ do you think that politics are entering into it? The president talked a lot about coming down on Wall street with regulations when he was elected. What is the relationship there?

13:00 Is the assumption that it would be too complex for the DOJ to prosecute, also, are they abandoning Obama? Do you think he has given up on regulation and he is systematically moving back on his campaign?

18:00 Was it implemented correctly in regards to sweeping change on Wall Street?

22:00 What kind of stories have been the most misleading about the financial crisis that have gained the most traffic? What stories have been the most damaging/untrue?

24:00 Can you let the viewers know what would be the best resource for understanding TARP, the bailout, the stimulus? (sig tarp reports)

28:00 From your own writing you are saying the SEC hasn’t done a complete investigation. Should the public be asking these questions as well like “why isn’t the SEC looking into this?”

31:00 Basically we have a SEC holding very few accountable, and a DOJ that doesn’t want to prosecute anyone unless it can win. Is there anything anyone can do? Will the protests effect it? Is it hopeless?

34:00 Looking at the recent NYT poll of inequality of rich vs poor. Were you surprised by the reaction to this poll in mainstream media? What did you think of the initial coverage of the Wall Street demonstrations?

40:00 Mainstream media came really late to the fact that their were demonstrators. Have you been surprised at how alone you have been in trying hold these banks accountable? Were you surprised at how long it’s taken the mainstream media to cover the protests and even the financial meltdown?

41:00 Do you think something bad has to happen in order for the media to go down there and get coverage?

44:00 You started off covering Wall Street when others were backing away from the story. Was it surprising you were out there on your own?

47:00 What do you think of the coverage of other publications? Many headlines promise an article with more content than is actually there…what are your thoughts on that?

50:00 Do you think there are other places besides ProPublica and NYT that are asking the broader questions? Are Americans beginning to dislike the short, blurby,“let’s not look back” kind of news?

52:00 Seems the discussion has shifted from “what is going on, how do we fix it?” to “what happened/how did we get here?”

53:00 Where would people be able to write to you in order to contact you?

(jesse@propublica.org. you can contact anonymously…I try to look at everything i get)

54:00 Are you beginning to look forward? and what is next that the citizens should be looking at in order to fix the future? Can the public put the pressure on Wall Street to make some changes? Is it political?

57:00 What do you say would be the best way for other journalists to move forward to cover the continuing crisis?

58:00 You can read Jesse’s work at Propublica.

60:00 Show wrap up

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Hosted By

Allison Hope Weiner was a Century City entertainment litigator before she began writing about Hollywood as a journalist. A graduate of Columbia University and the University of Southern California Law Center, she joined the legendary firm of Wyman, Bautzer—where she represented entertainers and corporate media clients.

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