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Jake Bernstein

Jake Bernstein was a business and financial reporter for ProPublica.

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

So Who is Carmen Segarra? A Fed Whistleblower Q&A

Ex-New York Fed examiner fired after criticizing Goldman Sachs has advice for Janet Yellen: It will take tough oversight to stop the next financial crisis.

by Jake Bernstein,

The Wall Street Money Machine

SEC Files Charges in Magnetar Deal

The Securities and Exchange Commission has charged an asset manager with fraud for its role in one of the most notorious groups of mortgage securities deals behind the financial crisis.

by Jesse Eisinger and Jake Bernstein,

Report: Homes for Indigent Addicts Have Poor Conditions, Unsavory Ties to Drug Clinics

A new study finds that New York’s three-quarter houses are dangerous and unsanitary and residents say they are compelled to use drug clinics that pay kickbacks to landlords.

by Jake Bernstein,

Documents to Remain Open in Examiner’s Lawsuit Against Fed

A federal judge rejected the Federal Reserve Bank of New York’s plea to seal documents in a wrongful termination lawsuit filed by a former bank examiner who claims she was fired for doing her job.

by Jake Bernstein,

Fed Tapes

N.Y. Fed Moves to Seal Documents in Ex-Bank Examiner’s Suit

At issue: Whether internal emails, records related to supervision of Goldman Sachs are confidential and shouldn’t have been made public as part of Carmen Segarra’s wrongful termination case.

by Jake Bernstein,

Fed Tapes

NY Fed Fired Examiner Who Took on Goldman

Lawyer Carmen Segarra said she was pressured to change her finding that the way Goldman Sachs managed conflicts of interest was flawed.

by Jake Bernstein,

Inside a New York Drug Clinic, Allegations of Kickbacks and Shoddy Care

Homeless and struggling with sobriety, Lillian Imbert faced a choice: Go to useless counseling sessions at New York Service Network or be evicted from her “sober” home. Her story shows how drug treatment clinics and landlords traffic in indigent alcoholics and addicts, all at taxpayer expense.

by Jake Bernstein,

The Wall Street Money Machine

SEC Reportedly Passes on Charging Magnetar

by Jake Bernstein,

Lawyer in Insurance Fraud Case Asks to Rescind Guilty Plea

Joseph Caramadre, who recruited dying people to help him and investors cash in on insurance death benefits, claims he is innocent and blames his lawyers and state of mind for his plea.

by Jake Bernstein,

Did You Buy a Variable Annuity with Lifetime Guarantee Benefit?

by Jake Bernstein,