Corrections
Fannie and Freddie’s Regulator Opposes Reducing Mortgages for Struggling Homeowners
Correction, Dec. 17, 2010: This article previously stated that Fannie and Freddie are Government Sponsored Entities. It has been corrected to reflect that they are Government Sponsored Enterprises.
Methodology: Chinese Drywall
Correction, Dec. 14, 2010: The "Tainted Drywall" news application originally included lists of contractors, manufacturers, distributors, importers and builders involved in lawsuits over tainted drywall. A software bug caused those lists to overstate the number of addresses associated with each company. The erroneous lists, and references to them, have been removed.
Another Response to Our Burma Nuclear Story—and Another Answer from Us
Correction, Nov. 29, 2010: As noted above, the third point in ProPublica's letter has been superseded by an earlier clarification that can be found here.
Drug Firms Say They'll Take Closer Look at the Docs They Pay
Correction, Nov. 17, 2010: Health News Florida has corrected a story we summarized in this report. Orlando-area urologists Steven Brooks and E. "Jake" Jacobo pleaded guilty on Jan. 12, 2001, to one count of conspiracy to sell the prescription drug Lupron without complying with U.S. Food and Drug Administration regulations. The Nov. 18 story and our summary mischaracterized the plea.
Science Says Methane in PA. Water Is from Drilling, Not Natural Causes
Correction, Nov. 9, 2010: This story incorrectly stated that well water had been fouled in northwestern Pennsylvania. The story should have said the water was fouled in northeastern Pennsylvania.
Despite Praise From Banks, Treasury, In-House Loan Mods Provide Less Help to Homeowners
Correction, Nov. 5, 2010: This post incorrectly stated that homeowner Connie Breault had filed for bankruptcy. Breault has considered bankruptcy but has not filed.
With All Eyes on the Gulf, BP Alaska Facilities Are Still at Risk
Correction, Nov. 2, 2010: This story has been corrected to specify that BP’s 2006 shutdown of oil deliveries from the North Slope were from the Prudhoe Bay field, the largest of several distinct production fields there. Also, the shutdown interrupted 4 percent of the nation’s oil supply that comes from U.S. production, not global production.
Correction, Nov. 2, 2010: An earlier version of this article stated that ChemEOR was a subsidiary of Flotek Industries Inc. CESI Chemical, not ChemEOR, is a subsidiary of Flotek.
Two Companies Seek Trade Secret Status for Fracking Fluids in Wyoming
Correction, Nov. 2, 2010: This story has been corrected to specify that BP’s 2006 shutdown of oil deliveries from the North Slope were from the Prudhoe Bay field, the largest of several distinct production fields there. Also, the shutdown interrupted 4 percent of the nation’s oil supply that comes from U.S. production, not global production.
Correction, Nov. 2, 2010: An earlier version of this article stated that ChemEOR was a subsidiary of Flotek Industries Inc. CESI Chemical, not ChemEOR, is a subsidiary of Flotek.
Frustrated Oil Spill Claimants Consider Alternative Compensation Fund
Correction, Sept. 23, 2010: This post incorrectly stated that claimants could not receive payments from both Kenneth Feinberg’s operation and the Coast Guard’s National Pollution Funds Center. While claims cannot be paid double, a claimant can seek additional payment from the Coast Guard’s fund if they feel they have been underpaid by Feinberg.
Interactive: CDOs’ Interlocking Ownership
Correction, Sept. 22, 2010: This post previously reported that there were 85 instances during 2006 and 2007 in which two complex securities known as collateralized debt obligations bought pieces of each others' "unsold" inventory. In fact, there were some instances when this cross-exposure occurred through later transactions. The banks sometimes used such transactions to minimize their own exposure to CDOs they had created.
Also, our interactive graphic includes at least one example of cross-exposure that did not involve "unsold" inventory. A CDO called Tourmaline III made a sidebet in 2007 that mirrored the performance of a piece of a CDO called Zais Investment Grade 8; that same year Zais 8 bought a piece of Tourmaline III. Both CDOs were underwritten by Deutsche Bank.
Administration Takes Steps That Will Reduce Deportation Risk for Many Undocumented Immigrants
Correction, Sept. 9, 2010: The initial version of this story inaccurately said the ICE immigration enforcement program known as Secure Communities was active in 17,553 jurisdictions in 23 states. As of Aug. 31, Secure Communities was active in 574 communities in 30 states.
Banks' Self-Dealing Super-Charged Financial Crisis
Correction, Aug. 26, 2010: This story previously reported that there were 85 instances during 2006 and 2007 in which two complex securities known as collateralized debt obligations bought pieces of each others' "unsold" inventory. In fact, there were some instances when this cross-exposure occurred through later transactions. The banks sometimes used such transactions to minimize their own exposure to CDOs they had created.
Primer: Six Things Happening Right Now With Financial Regulation
Correction, Aug. 11, 2010: This post has been corrected to indicate that Sens. Dick Lugar, R-Ind., and Benjamin Cardin, D-Md., inserted the provision requiring increased disclosures from oil companies. It had previously stated that two Democratic senators had inserted the measure.
Drilling Industry and Gubernatorial Candidates Move to Weaken Some State Regulations
Correction, Aug. 5, 2010: This post incorrectly said that New Mexico’s pit rules went into effect in May 2008, when the rig count was 79. It should have said that the pit rules went into effect in June 2008, when the rig count was 78. The story also said that the Independent Petroleum Association’s appeal to overturn the rules was filed in the state Oil Conservation Division, when it was actually filed with the First Judicial District Court.
Bogus 'Obama Mom' Grants Lure Students
Correction, July 23, 2010: An earlier version of this story incorrectly described the University of Southern California Rossier School of Education as a public school; USC is a private, non-profit university.
Correction, July 23, 2010: An earlier version of this story also incorrectly described Golden Gate University as a for-profit school; Golden Gate University is a private, non-profit school.
Blast at BP Texas Refinery in '05 Foreshadowed Gulf Disaster
Correction, July 2, 2010: This post originally said that the Chemicals Safety Board produced a detailed investigation of the 2005 accident. The story should have said that the investigation was produced by the Chemical Safety Board.
Top Officer Says Military Takes Brain Injuries 'Extremely Seriously'
Correction, June 9, 2010: This post originally said Gen. Peter Chiarelli was the Army's second in command. He is in fact the Army's vice chief of staff.
Congressmen Raised Concerns About BP Safety Before Gulf Oil Spill
Correction, May 4, 2010: This post mistakenly said the 2006 Prudhoe Bay oil spill involved 4,800 gallons of oil. It should have said it involved 4,800 barrels of oil.
New Tricks for Those Republican ‘Census’ Mailers
Correction, Apr. 28, 2010: The original post mistakenly said a letter sent to Republican National Committee Chairman Michael Steele was authored by Rep. Darrell Issa (R-Calif.). The letter was actually written by Rep. Jason Chaffetz (R-Utah).
Charges Aside, What About Goldman's Nondisclosure of a Potential Lawsuit?
Correction, April 20, 2010: This post has been corrected to note that SEC rules generally do not require disclosure about a pending legal proceeding if the claim for damages does not exceed 10 percent of the company's overall assets. It had previously said only that the SEC does not require disclosure of a Wells notice.