Naked Capitalism

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Naked Capitalism
Homepage dated November 1, 2014
Web address http://www.nakedcapitalism.com/
Slogan Fearless commentary on finance, economics, politics and power
Commercial? No
Type of site
Financial news and analysis
Registration None
Available in English
Owner Aurora Advisors Incorporated
Created by Yves Smith
Launched 1 January 2005; 9 years ago (2005-01-01)
Alexa rank
Increase 12,591 (US 11/2014)
IP address 104.28.15.35
Current status Online

Naked Capitalism is an American financial news and analysis blog that claims to "chronicle the large scale, concerted campaign to reduce the bargaining power and pay of ordinary workers relative to investors and elite technocrats”.[1] Under the pen name Yves Smith, Susan Webber principal of Aurora Advisors Incorporated and author of ECONned, launched the site posting the first article in December 2006. She focused on finance and economic news and analysis, with an emphasis on legal and ethical issues of the banking industry and the mortgage foreclosure process, the worldwide effects of the banking crisis of 2008, the 2007–2012 global financial crisis, and the aftermath of all related events. The site has amassed over 60 million visitors since November 13, 2007, and earned it a place in CNBC’s 2012 top 25 The Best Alternative Financial Blogs, calling Yves Smith “a harsh critic of Wall Street who believes that fraud was at the center of the financial crisis”.[2]

Personal Background[edit]

Prior to the blog, Webber/Smith had graduated from Harvard College and Harvard Business School and had close to 20 years of experience in the financial services industry. She had worked for Goldman Sachs, McKinsey & Co., and Sumitomo Bank.[3] She has written articles for the New York Times, Bloomberg, and the Roosevelt Institute.[4][5]

In December 2006, Webber started writing because...

...there was an obvious underreporting in the US of the severity and extent of the underpricing of risk in all credit instruments.

Yves Smith, Naked Capitalism, About section.

Reporting[edit]

Naked Capitalism features a daily Links article linking to timely articles and analysis from other websites. Starting in 2014, due to the popularity of the daily Links article, a daily 2:00 PM Water Cooler article was introduced to link to same-day news and make publishing the daily Links easier by reducing the number of links. The daily Links also features an Antidote du Jour, normally a picture of an animal. The 2:00 PM Water Cooler features plant images.[6][7]

Impact[edit]

The New York Times financial reporter Gretchen Morgenson has cited Naked Capitalism as one of two "must-read financial blogs" she reads on a daily basis.[8]

Since 2010, Yves Smith has been a repeat interview guest on Le Show hosted by Harry Shearer.[9][10][11][12]

In 2013, Naked Capitalism released an e-book "Naked Capitalism Whistleblower Report on Bank of America Foreclosure Reviews"[13]

Contributing Writers[edit]

Naked Capitalism features, in addition to Yves Smith's contributions, articles and analysis from the following current major contributors:

  • David Dayen, who also contributes news and analysis to the political blog Firedoglake.
  • Edward Harrison, founder of Credit Writedowns, another financial blog.
  • Philip Pilkington, blogger at Fixing the Economists and a contributing writer for The Guardian.
  • Matt Stoller
  • Richard Smith
  • Nathan Tankus
  • Lambert Strether, blogger at Corrente Wire.
  • George Washington, blogger at Washington's Blog.

Some 30 other writers currently contribute or historically have contributed to the site.[14]

References[edit]

  1. ^ Smith, Yves. "About Naked Capitalism". Naked Capitalism. Retrieved 2 November 2014. 
  2. ^ Carney, John (27 January 2012). "The Best Alternative Financial Blogs". CNBC. Retrieved 2 November 2014. 
  3. ^ "Speaker’s Biography: Yves Smith, Blogger, "Naked Capitalism"". Milken Institute. Retrieved 5 November 2014. 
  4. ^ "Yves Smith". Bloomberg View. Retrieved 5 November 2014. 
  5. ^ "Guest Post from Yves Smith: Goldman Sachs’ Glass Ceiling Remains Intact". Roosevelt Institute. Retrieved 5 November 2014. 
  6. ^ Davis, Charlie. "Naked Capitalism". false dichotomy by charles davis. Retrieved 5 November 2014. 
  7. ^ Strether, Lambert. "2-for-1 Links Split". Naked Capitalism. Retrieved 5 November 2014. 
  8. ^ The Times Insider Staff. "Follow the Money: Gretchen Morgenson on Wall Street". The New York Times. Retrieved 2 November 2014. 
  9. ^ "Yves Smith Interview #1". HarryShearer.com. 12 September 2010. Retrieved 5 November 2014. 
  10. ^ "Interview with Yves Smith #2". HarryShearer.com. 10 October 2011. Retrieved 5 November 2014. 
  11. ^ "Interview with Yves Smith #3". HarryShearer.com. 9 February 2012. Retrieved 5 November 2014. 
  12. ^ "Transcript: Yves Smith Interview, HARRY SHEARER INTERVIEWS YVES SMITH". HarryShearer.com. 28 April 2013. Retrieved 5 November 2014. 
  13. ^ Naked Capitalism Whistleblower Report on Bank of America Foreclosure Reviews
  14. ^ "Bloggers". Naked Capitalism. Retrieved 5 November 2014. 

External links[edit]