Phenomenally talented journalist William Lobdell, formerly religion reporter at theLos Angeles Times, has launched an investigative journalism site with ex-con Barry Minkow, who turned from a life of crime to a life of Christian ministry.

Lobdell wrote Losing My Religion in 2009 about his conversion from evangelical Christian to atheist. His new project is unprecedented — and risky.

The journalism will be funded by short-selling stocks in the companies that Lobdell writes about. This means the outfit will benefit financially by undermining public confidence in the companies it rights about. And if iBusiness Reporting messes up, there’ll be libel lawyers circling overhead.

More information about the endeavor is available here.

This entry was posted on Wednesday, February 3rd, 2010 at 4:57 pm and is filed under Religion. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.