Archive
Stimulus Spending Update: $329 Billion Out the Door
The latest figures from Recovery.gov show that about $210 billion in stimulus spending and $119 billion in tax cuts have entered the economy. In total, that's just over 41 percent of the nearly $800 billion stimulus package.
A Note from Editor-in-Chief Paul Steiger on the Pulitzer Prize
Sheri's Fink's Pulitzer Prize-winning reporting from New Orleans is a powerful example of ProPublica's mission: to shine light on possible abuses of power or failures to uphold the public interest, so that the public can learn from and remedy them.
In Oregon, Treasury Officials and Investment Firms Cozy Up for Business
Oregon's investments for its pension funds, unlike those of many states, are doing well, thank you, and its investment officials are frequently wined and dined by the investment funds whose services the officials oversee.
Joaquin Sapien and Abrahm Lustgarten on the EPA and Gas Drilling
The EPA’s recently decided to conduct a nationwide scientific study on the natural gas drilling technique called hydraulic fracturing. In a podcast, two ProPublica reporters talk about the gas industry's response and other related issues.
ProPublica on 'This American Life' ... Plus, a Special CDO Singalong
Details of ProPublica's investigation of the Magnetar Trade can be heard on NPR's "This American Life," .
New Clues Emerge in Post-Katrina Vigilante Shooting at Algiers Point
In the days after Hurricane Katrina, somebody shot Donnell Herrington in the Algiers Point neighborhood. More than four years later, a man from a neighborhood militia is being implicated in the shooting, which the victim says was racially motivated.
E-mails Give Glimpse of How Magnetar Worked
E-mails with business partners suggest Magnetar's clout: The firm was involved at the start of deals and pushed for riskier bonds to be included in CDOs. One deal fell apart partly because of Ischus Capital Management's unease with pressure from Magnetar.
The Magnetar Trade: How One Hedge Fund Helped Keep the Bubble Going
The hedge fund Magnetar helped create mortgage-based securities, pushed for risky things to go inside them and then bet against the investments, resulting in billions in losses for investors and ultimately making the financial crisis worse. It’s a story of the perverse incentives and reckless behavior that characterized the last days of the boom.
The Magnetar Trade: How One Hedge Fund Helped Keep the Bubble Going
The hedge fund helped create mortgage-based securities, pushed for risky things to go inside them and then bet against the investments, resulting in billions in losses for investors and ultimately making the financial crisis worse. It’s a story of the perverse incentives and reckless behavior that characterized the last days of the boom.
