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Bloomberg reporter who sued the Fed has died

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Nov. 28 (Bloomberg) -- Mark Pittman, the award-winning investigative reporter whose fight to open the Federal Reserve to more scrutiny led Bloomberg News to sue the central bank and win, died Nov. 25 in Yonkers, New York. He was 52.

Pittman suffered from heart-related illnesses. The precise cause of his death wasn’t known, said his friend William Karesh, vice president of the Global Health Program at the Bronx, New York-based Wildlife Conservation Society.

A former police-beat reporter who joined Bloomberg News in 1997, Pittman wrote stories in 2007 predicting the collapse of the banking system. That year, he won the Gerald Loeb Award from the UCLA Anderson School of Management, the highest accolade in financial journalism, for “Wall Street’s Faustian Bargain,” a series of articles on the breakdown of the U.S. mortgage industry.

“He was one of the great financial journalists of our time,” said Joseph Stiglitz, a professor at Columbia University in New York and the winner of the 2001 Nobel Prize for economics. “His death is shocking.”

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I think a most effective way to do this is to

offer this reporter encouragement. I'm sure he has questions, it is afterall very unusual. He may not be as enlightened as some of us seem to be.
And God knows most of this stuff is hard to believe, but when you put it all together, taken in small bites it's overwhelming. That said offer this guy encouragement to get whatever truth is there out. If Mr Pittman died of natural causes then God took a good one, if it's sketchy then it needs to be looked into. Either way if I were his family I'd demand an autopsy. If there are any funny substances in the blood or the digestive system I'd scream fowl and start my own investigation. What did he eat, drink, and medicine pills..did he take a drink, wheres the bottle..etc I mean if they can just kill people without fear of recourse then why not a small community or a town..where does it stop ?

Just one last kick in the nuts, then a final deathblow

Unreal

Those who expect to reap the blessings of freedom must. like men, undergo the fatigue of supporting it.-Thomas Paine

The R3volution requires action, not observation!!!!

Those who expect to reap the blessings of freedom must. like men, undergo the fatigue of supporting it.-Thomas Paine

The R3volution requires action, not observation!!!!

This is very sad

This is why so many people never pursue the truth. They are afraid to end up like this. Hopefully he will not have died in vain.

Healthnut4freedom

"Trust in the Lord with all thine heart; and lean not unto thine own understanding. In all thy ways acknowledge Him, and He shall direct thy paths." Proverbs 3:5,6

Healthnut4freedom

The lip of truth shall be established forever: but a lying tongue is but for a moment...Lying lips are abomination to the LORD: but they that deal truly are His delight. Prov 12:19,22

bivry@bloomberg.net. EMAIL THE AUTHOR

riceowlex, that is an OUTSTANDING suggestion.
Here is the one I sent:
"I see you call yourself a reporter. Will you be accepting this
convenient little coincidence, or will you carry the mantle of the
great man you eulogized? Either start investigating "unexplained
deaths" (ever looked into Vince Foster?) and reporting the TRUTH or
lose your job, permanently. No one believes the BS any more, and we
are not going to pay for it, and we are not going to care one bit when
"mainstream media" just goes away.
So I challenge you, stand up and do the right thing. Make you life
count. They can't kill all of us, challenge the bastards openly. You
know this man was probably murdered, figure out how.
Or go lick your master's boot."

Truth exists, and it deserves to be cherished.

We've seen what the hackers did with "Global Warming"

Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other. — John Adams

Now let's see what they can do to with the Fed...

There can be only one permanent revolution - a moral one: The regeneration of the inner man. — Tolstoy

"The body is but a vessel for the soul,
A puppet which bends to the soul's tyranny.
And lo, the body is not eternal,
For it must feed on the flesh of others,
Lest it return to the dust whence it came.
Therefore the soul deceives and despises."

Right on

When you start making phone calls to these people it freaks them out.
They don't know how to respond. The people working for the coroner there in NY would leave me laying on the phone on a counter for 30 mins sometimes.
Then someone would come along and hang the phone up like it was just left ther with noone on the other end, I'd call back....My phone bill was not good but I let them know there were people outside family that cared about what was happening. We've got to get back to that or we're in for really tough times.

Just one last kick in the nuts, then a final deathblow

There have been studies done

Most people, even if trying to reverse a WRONG CHARGE on their credit cards, will give up after 9 minutes and just pay the bill.
I forget the amount, but they also studied how MUCH they can bill you and have most people just pay it.

Truth exists, and it deserves to be cherished.

Not surprising

The precise cause of his death wasn’t known, said his friend William Karesh, vice president of the Global Health Program at the Bronx, New York-based Wildlife Conservation Society.

Why is it that when normal people die, the cause of death is almost always known? But with suspicious deaths like this...oh well, nobody knows.

Can someone tell me what is the

significance of last sentence in the article?...

"At the time of his death, Pittman’s outgoing messages offered a link to a black-and-white photo of Woody Guthrie. Written on Guthrie’s guitar: “This machine kills fascists.”"

Thanksgiving

It would seem that his outgoing message was in conversation over the background story of how Arlo Guthrie, Woody's son's, movie and song, "Alice's Restaurant", which has become more than a hippy cult film for Thanksgiving celebrations...

I heard the movie was going to be played in it's entirety on THE RADIO here, in honor of our community being so "hip", to the Guthries.. The photo of Woody's guitar is famous. He saw the guitar as a tool to "kill the facists" (and I bet that's got black roots)...

The last part was put in there to respectfully show freedom fighters, we have lost a big one.

Mark Pittman

Amazing how many of my heros died at age 52... Frank Zappa, Jerry Garcia...

Least we forget Cantor Fitzgerald on 911.

They will kill anyone who is effective.

May he guide those of us who carry on his fight.

Arrest the Rothschilds and the Rockefellers. All of them. We will treat them much better than the folks at Gitmo or Baghram, and if they are shown to be innocent they will actually be released. I would recommend sterilization of them prior to release, they have proven that some form of eugenics is perhaps necessary. Whatever that gene is that longs to oppress, it is a big toxic turd that needs cleaned out of the pool.

Where is our military? How much do they need to see before they defend the united States of America? Every time I see a "Support the Troops" sticker now I want to go ask them "Which troops? The ones in Afghanistan killing innocent people, the ones in Iraq illegally occupying that nation, or the ones with Northcom wearing the insignia of the North American Union?

Truth exists, and it deserves to be cherished.

Well said "Paul4won."

I agree with you about the "support the troops" stickers. Again, just sheeples who have no earthly idea of the misery going on over there in the name of "spreading democracy" which we can't even do right over here.

How about instead of spreading democracy we come home and repair the Republic which is in dire need of a Constitutional makeover?

Pawnstorm

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

I just wrote the Bloomberg reporter who wrote the following

I stated that this sudden death seemed convenient for the Federal Reserve. And asked for his take on what happened. If you feel inclined to you might ask him the same thing. Let them know that these things aren't happening in a vacuum.

Mark Pittman, Reporter Who Foresaw Subprime Crisis, Dies at 52
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By Bob Ivry His email : bivry@bloomberg.net

Nov. 28 (Bloomberg) -- Mark Pittman, the award-winning investigative reporter whose fight to open the Federal Reserve to more scrutiny led Bloomberg News to sue the central bank and win, died Nov. 25 in Yonkers, New York. He was 52.

Pittman suffered from heart-related illnesses. The precise cause of his death wasn’t known, said his friend William Karesh, vice president of the Global Health Program at the Bronx, New York-based Wildlife Conservation Society.

A former police-beat reporter who joined Bloomberg News in 1997, Pittman wrote stories in 2007 predicting the collapse of the banking system. That year, he won the Gerald Loeb Award from the UCLA Anderson School of Management, the highest accolade in financial journalism, for “Wall Street’s Faustian Bargain,” a series of articles on the breakdown of the U.S. mortgage industry.

“He was one of the great financial journalists of our time,” said Joseph Stiglitz, a professor at Columbia University in New York and the winner of the 2001 Nobel Prize for economics. “His death is shocking.”

Pittman’s fight to make the Fed more accountable resulted in an Aug. 24 victory in Manhattan Federal Court affirming the public’s right to know about the central bank’s more than $2 trillion in loans to financial firms. He drew the attention of filmmakers Andrew and Leslie Cockburn, who gave him a prominent role in their documentary about subprime mortgages, “American Casino,” which was shown at New York City’s Tribeca Film Festival in May.

‘One Reporter’

“Who sues the Fed? One reporter on the planet,” said Emma Moody, a Wall Street Journal editor who worked with Pittman at Bloomberg. “The more complex the issue, the more he wanted to dig into it. Years ago, he forced us to learn what a credit- default swap was. He dragged us kicking and screaming.”

James Mark Pittman was born Oct. 25, 1957, in Kansas City, Kansas, where he played linebacker on the high school football team. He took engineering classes at the University of Kansas in Lawrence before graduating with a degree in journalism in 1981. He was married soon after and had a daughter, Maggie, in 1983. The marriage ended in divorce.

Pittman’s first reporting job, covering the police department for the Coffeyville Journal in southern Kansas, paid so little he took a part-time job as a ranch hand across the Oklahoma border in Lenapah, according to an interview he gave to Ryan Chittum for the Columbia Journalism Review’s The Audit, a watchdog for the business press.

‘Huge Personality’

“What a funny guy -- huge personality,” Chittum said in an e-mail message. “Mark was my favorite reporter working. In a time when too much journalism is timid or co-opted, Mark personified the whole ‘afflict the comfortable’ tenet of the business. Mark’s passing is a huge loss for journalism at a time when we can least afford it.”

Pittman spent a year in Rochester, New York, with the Democrat & Chronicle newspaper and 12 years at the Times Herald- Record in Middletown, New York, where he met his second wife, Laura Fahrenthold-Pittman in 1995.

“All I know is we fell in love the moment we met,” Fahrenthold-Pittman said in an interview Friday. “We moved in together a week later. He was as serious about his family life as he was about work. Mark did nothing in a small way.”

Pittman joined Bloomberg News in 1997. In 2007, he was writing about the securitization of home loans when subprime borrowers, who have bad or limited credit histories, began missing payments on their mortgages at a faster pace.

S&P, Moody’s

His June 29, 2007, article, headlined “S&P, Moody’s Hide Rising Risk on $200 Billion of Mortgage Bonds,” was excoriated at the time by Portfolio.com for “trying to play ‘gotcha’ with the ratings agencies.”

“And that really isn’t helpful,” said the unsigned posting.

Pittman’s story proved prescient. So did his reports on U.S. banks exporting toxic mortgages overseas, on Treasury Secretary Henry M. Paulson’s role in creating those troubled assets while he was chief executive officer of Goldman Sachs Group Inc. and on the U.S. bailout of American International Group Inc.

“He’s been on this crisis since before the crisis,” said Gretchen Morgenson, the Pulitzer Prize-winning financial columnist for the New York Times. “He was the best at burrowing into the most complex securities Wall Street could come up with and explaining the implications of them to readers of all levels of sophistication. His investigative work during the crisis set the standard for other reporters everywhere. He was a giant.”

‘Fearless, Trusted’

In the “Faustian Bargain” series, Pittman explained how 5 percent of U.S. mortgage borrowers missing monthly payments could lead to a freeze in lending throughout the world.

“Mark Pittman proved to be the most fearless, most trusted reporter on the most important beat during the 12 years he wrote about credit markets, corporate finance and the Federal Reserve at Bloomberg News,” said Bloomberg Editor-in-Chief Matthew Winkler. “His colleagues will miss his laughter and generous sense of mission. Bloomberg readers were rewarded by his many achievements culminating with a federal court ruling validating his search for records of taxpayer-financed policies withheld from the public and the Gerald Loeb Award.”

Public policy would be more effective if reporters, lawmakers and citizens understood how the financial system worked and why the crisis happened, Pittman said in the Feb. 27, 2009, interview with Chittum.

“Hopefully, we will be able to inform the people enough to know how badly we’re getting screwed,” he said with a laugh. “We need to know how to prevent it from happening again, and we need to know who did it.”

Booming Laugh, Bourbon

Standing 6 feet 4 inches (1.93 meters) with a booming laugh, a loud telephone voice and a taste for bourbon, Pittman made lifelong friends on Wall Street, in Congress, in journalism circles and in the artistic community after he and his wife opened an art gallery in Yonkers in 2005.

“I always learned something new when I spoke with Mark,” said Representative Scott Garrett, a New Jersey Republican on the House Financial Services Committee. “He was dogged in pursuit of the truth. This is a great loss for journalism and for those who relied on Mark for his insight.”

In “American Casino,” the title of which comes from an expression Pittman uses in the documentary, the filmmakers profile subprime borrowers who are losing their homes, mortgage brokers who made loans they knew their customers could never repay and bankers and ratings analysts whose companies profited from the housing boom.

Celebrating Life

Pittman provides an anchor for the narrative, at one point searching the Bloomberg terminal and finding the mortgage of a Baltimore teacher going through foreclosure inside a security underwritten by Goldman Sachs.

“He was a wonderful friend, a seeker of truth, a fighter for right, a proud family man, a big and jovial hand, a lover of food, drink and celebration of life,” said Joshua Rosner, managing director of Graham Fisher & Co., a consulting and analysis firm in New York. “This is a personal loss, a professional loss and a societal loss. He is truly irreplaceable.”

Along with his wife and daughter Maggie, Pittman is survived by daughters Nell, 10, and Susannah, 8, from his second marriage; his father Warren Pittman; mother Donna Pittman- Nealey; and brothers Barry Pittman and Craig Pittman.

“He was so large -- in spirit and in person -- and his passion for his craft was so great, it is impossible to think that it could just end,” said Jeffrey Taylor, Pittman’s editor on the “Faustian Bargain” series.

Bloomberg’s lawsuit against the Fed, which was filed after Pittman’s requests under the U.S. Freedom of Information Act were denied, continues without him. The central bank won a delay pending an appeal, which is scheduled for the week of Jan. 4.

At the time of his death, Pittman’s outgoing messages offered a link to a black-and-white photo of Woody Guthrie. Written on Guthrie’s guitar: “This machine kills fascists.”

To contact the reporter on this story: Bob Ivry in New York at bivry@bloomberg.net.

Just one last kick in the nuts, then a final deathblow

I submitted it to digg. i

I submitted it to digg. i also commented that the federal reserve is killing people now.

Dugg

My Digg comment which sent chills down my own spine...

"Is Doctor Ron Paul next?"

Let them touch him and see what happens.

The FED has been killing people for a LONG TIME

Presidents, Congresspeople, Senators.....I guess I have to ask are there any
people in law enforcement willing to investigate these FED people and make an honest effort at getting indictments ? I've about had it with convenient suicides, anyone agree ?

Just one last kick in the nuts, then a final deathblow

YES, I am beside myself

It is NOT my job to arrest these people. There are men and women who swore oaths, who are getting paid with MY tax dollars to uphold the law. They continue to stand down, and when my neighbors snap, one by one under the oppression, they swoop in to arrest and smear any good deeds ever done by people who tried to make something right, anything right, out of this mess. Yes, we need to remain peaceful, but SOMEONE must challenge the banksters head on, and it really ought to be the people who are SWORN and PAID to do it.

Octobox is so convinced cops are the good guys, show me the cop who EVER tried to investigate and arrest the REAL criminals of the world.

Truth exists, and it deserves to be cherished.

I'm completely on board with that idea

Since 9/11 how many people just in NY have died in some strange way ?
Either suicide or just disappeared like Barry Jennings, was Barry Jennings
ever mentioned in an obituary ? I tried and tried with the coroner in NYC and never got anything. The information was classified, how utterly ridiculous is that. Unless there are good people working behind the scenes trying to unravel this and they have Barry in a witness protection program something is really, really wrong. However this isn't the case with Mr Pittman as he seems truly dead. This is why 9/11 is so important to EVERYTHING. Solve 9/11 and you get to the bottom of EVERYTHING.

Just one last kick in the nuts, then a final deathblow

Barry Jennings, I will never forget you and I will never shut up

Look at this old post from a forum here:
http://forums.randi.org/showthread.php?p=4458456
There is a link to his obituary in the workplace newsletter in one post, and in another one, this:

"Yesterday, April 15th 2009 I was contacted by “Loose Change” director, and narrator Dylan Avery who said that he had recently begun investigating the death of Barry Jennings, and had found some new information relating to his death.

It seems that there is a very good possibility that Jennings’ death could have been due to foul play. Though the investigations are on going, initial findings are somewhat alarming. The conclusion is still forthcoming, but I was shocked by what I heard.

It seems that Dylan had hired a private investigator to look into Jennings death which remains shrouded in mystery. His motive was simply to bring some closure to the life of Barry Jennings, and in doing so to honor the memory of this brave American. The Investigator ended up referring the case to Law enforcement before refunding his pay, and told Dylan never to contact him again. Very unusual to say the least. Dylan also paid a visit to the Jennings home. He found it vacant and for sale.

Personally, something is really beginning to stink here. Why would a highly paid PI refuse to continue his investigation? Why did he refer the matter to police? He is not talking. What is he afraid of. Was he warned to cease and desist? If so by whom?
These are some of the new questions revolving around the Jennings case.

In every major cover up from the JFK assassination to Iran Contra, we can see one common thread. The untimely death of eyewitnesses. Barry Jennings was not only an important and most credible eyewitness, but he openly refuted much of the government, and media version of events. He was a liability.

Dylan Avery will appear on DEADLINE LIVE today to tell the story.
AMERICAN FREEDOM RADIO. http://www.wfuradio.com
The show airs live at 3PM Central with no commercial interruptions."

Beverly Eckert, your memory is always with me, too.

THESE PEOPLE FOUGHT FOR TRUTH AND DIED. WILL YOU FIGHT IN THEIR STEAD?

Truth exists, and it deserves to be cherished.