Business News
- Chart: Performance by Mortgage Servicers Through December 2009
by ProPublica
Chart: Performance by Mortgage Servicers Through December 2009
by Paul Kiel and Dan Nguyen, ProPublica – January 15, 2010
On Jan. 15, 2010, the Treasury Department released data showing how the largest mortgage servicers participating in the administration’s billion foreclosure prevention program have been performing. You can see that breakdown below. The data show activity through Dec. [...] - Listen In: ProPublica Reporters on NPR
by Amanda Michel, ProPublica –
On Wednesday, ProPublica and NPR’s Planet Money announced an ongoing investigation into the inner workings of Wall Street during the boom years.
ProPublica’s Jake Bernstein and Jesse Eisinger rang the investigation’s opening bell with Planet Money editor Alex Blumberg and correspondent Chana Joffe-Walt. They noted that the SEC is only now [...] - Were You Involved In the CDO Industry?
by Amanda Michel, ProPublica –
ProPublica’s Jake Bernstein and Jesse Eisinger and NPR’s Planet Money are collaborating on an investigation about the inner workings of the Wall Street CDO industry. For more details, see their story today about how nearly three years on, the SEC is asking basic questions about key players in the meltdown.
If [...] - SEC Just Now Seeking Key Information On Meltdown
by Jake Bernstein and Jesse Eisinger, ProPublica –
This story is part of an ongoing investigation with NPR’s Planet Money.Almost three years since banks started taking losses that led to the worst financial crisis since the Great Depression, the Securities and Exchange Commission is still asking basic questions about what happened.
Were you there?
If you [...] - Feds May Tighten Rules on Omniscan, a GE MRI Drug
by Jeff Gerth, ProPublica –
Dec. 2, 2009: This post has been corrected.
The U.S. Food and Drug Administration is weighing further regulation of three drugs used to create high-contrast images on MRI scans, based on a new analysis that suggests they carry a higher risk of causing a rare but potentially fatal disease.
The issue — [...] - At University of Phoenix, Allegations of Enrollment Abuses Persist
by Sharona Coutts, ProPublica –
After federal regulators accused the University of Phoenix of systematic enrollment abuses in 2004, the school’s parent company paid out nearly million to resolve the allegations.
Phoenix allegedly had broken the law by tying recruiters’ pay to enrollment numbers, U.S. Department of Education investigators found, creating pressure to sign up [...] - Our Coverage of Jeffry Picower, Who Made Billions From Madoff Scheme
by Alexandra Andrews, ProPublica –
Jeffry Picower, the 67-year-old businessman and philanthropist who reaped billions from Bernard Madoff’s Ponzi scheme, was found dead in his pool on Sunday. As ProPublica’s Jake Bernstein reported in June, Picower netted more from the scheme than Madoff himself did: upwards of .2 billion, according to a lawsuit filed by [...] - NY’s A.G. Cuomo Proposes Reforms to Pension System
by Sharona Coutts, ProPublica –
New York Attorney General Andrew Cuomo, along with three state senators, announced legislation that would fix some of the glaring problems with the way the state’s 6 billion pension fund is managed.
The announcement follows a two-year probe that uncovered an elaborate system of kickbacks and pay-to-play at the nation’s [...]
