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Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. More

Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero … all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

See no evil, hear no evil . . .

By Megan McArdle
Jan 7 2009, 4:13 PM ET Comment

Meet Meaghan Cheung, the SEC investigator who missed the Madoff scandal.  The friend who IM'd me says:  "I almost feel sorry for this woman.  ALMOST."

I feel sorry for her the way I feel sorry for everyone who does spectacularly stupid things, but it's hard to muster any special sympathy given her extensive whine that the Post ought to pick on someone else:

"Why are you taking a mid-level staff person and making me responsible for the failure of the American economy?" an upset Meaghan Cheung, with eyes tearing up, told The Post.

No one's blaming Ms Cheung, I hope, for the collapse of the entire American economy, but it's hardly crazy to blame her for the failure of the Madoff investigation, given that she signed off on it.  The Post's implication that this was some sort of payoff deal is overblown and almost certainly wrong--I imagine it's more a matter of being awed by his persona and reputation, plus some sort of colossal internal screw up.  But she was the head of the New York branch that ordered the investigation.  Who does she think should take responsibility for its utter failure?




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