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Jake Bernstein

Jake Bernstein was a business and financial reporter for ProPublica.

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Jake Bernstein was a business reporter for ProPublica. He was featured in the Best Business Writing in 2012 and 2013.

In April 2011, Bernstein and colleague Jesse Eisinger were awarded the Pulitzer Prize for National Reporting for a series of stories on questionable Wall Street practices that helped make the financial crisis the worst since the Great Depression.

Prior to joining ProPublica, Bernstein worked at The Texas Observer, an investigative biweekly, for six years, and as its executive editor from 2004 to 2008. Bernstein began his career in Central America, where for several years he reported on efforts to end longstanding civil conflicts. He served as a staff writer for the Pasadena [Texas] Citizen and then for the Miami New Times. His work has received numerous state-level and national journalism awards, and The Texas Observer, under his leadership, was named Best Political Magazine of 2005 by Utne Reader. Bernstein is co-author of Vice: Dick Cheney and the Hijacking of the American Presidency (2006).

Fed Tapes

What We Still Don’t Know About the Fed’s Leak Investigation

After looking for nearly six months, the Federal Reserve says it couldn’t find out who had shared confidential policy information. Critics in Congress aren’t satisfied with the account.

by Jake Bernstein,

Fed Tapes

Fed Inspector General Reopens Leak Investigation

The move comes as Senate Finance Committee Chairman Sen. Orrin Hatch demands more information about how a private newsletter obtained confidential details of Fed discussions.

by Jake Bernstein,

Fed Tapes

A Stress Test For The New York Fed

As congressional critics push for reform of Wall Street’s lead regulator, Fed Chairwoman Janet Yellen says more of the decisions on bank oversight have shifted to Washington, D.C.

by Jake Bernstein,

Fed Tapes

Sen. Warren, Rep. Cummings Press Federal Reserve For Details of Leak Investigation

In a letter to the Fed, they say "public has a right to know" what happened after potentially market-moving information found its way into a private newsletter in 2012.

by Jake Bernstein,

Fed Tapes

High-Level Fed Committee Overruled Carmen Segarra’s Finding on Goldman

New York Fed President Bill Dudley says senior Fed officials did not accept a conclusion that had been endorsed by frontline Fed examiners stationed at some of the nation's largest banks.

by Jake Bernstein,

Fed Tapes

Top Fed Policy Group Brought Up Leak to Private Newsletter

Answering a ProPublica records request, the Federal Reserve acknowledged a leak of Federal Open Market Committee information but declined to release the committee's transcripts on the matter.

by Jake Bernstein,

Fed Tapes

Leak at Federal Reserve Revealed Confidential Bond-Buying Details

Then-Chairman Ben Bernanke ordered an internal review of the previously undisclosed leak, which found its way into a newsletter for big investors.

by Jake Bernstein,

Fed Tapes

New York Fed Chief Stands Firm Against Charges of Weak Oversight

Bank President William Dudley said supervision is stronger than ever, but Democratic senators were unconvinced: "You need to fix it, Mr. Dudley, or we need to get someone who will."

by Jake Bernstein,

Fed Tapes

Federal Reserve Announces Sweeping Review of Its Big Bank Oversight

Ahead of Senate hearing on regulatory capture, the Federal Reserve Board wants to look at whether the views of examiners are being heard by higher-ups.

by Jake Bernstein,

Fed Tapes

The Carmen Segarra Tapes

Carmen Segarra secretly recorded 46 hours of audio while embedded as a bank examiner at Goldman Sachs between November 2011 and May 2012. These are some of her recordings.

by Jake Bernstein,