Quick Picks: Drug Errors and FDIC Risk
An Asbury Park Press review of medication records from New Jersey-based Ancora Psychiatric Hospital found “troubling patterns of mistakes and omissions.” Dozens of patients have been harmed by “overdoses, adverse reactions to medicines, and wrong doses of powerful drugs” since 2006, but state officials “claim Ancora’s medication error rate is far below the national average of other psychiatric hospitals.”
Also, the FDIC’s plan to insure the loans that private investors will use to buy toxic assets may be “adding more risk, not less, to the system,” concludes the New York Times. The agency’s plan, authorized by what the Times calls a “unique” reading of its rule book, puts the onus of potential “heavy losses” on the taxpayer rather than the investor. But FDIC Chair Sheila Bair told the Times, “We project no losses.”
Check out more of our roundup of the best investigative stories around the Web. Was there a story we missed? Please keep sending us your picks or include them in the comments section below.
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1 comments
Adele Culp
April 8, 2009, 7:10 a.m.
http://www.nytimes.com/2009/04/08/us/08bond.html?pagewanted=3&_r=1&hp;
This is just the tip of the iceburg. B’ham, AL is in Jefferson County which sits poised to declare bankruptcy due to Morgan Keegan’s advised credit swap. This bankruptcy would be the largest municipal/county bankruptcy in US history, dwarfing Orange Cty. Several indictments of public officials concerning the deal to put us in “swaps” have gone out, including the Mayor.
Something more is affoot. Our local paper won’t touch it. The horendous cumulative effects of what Morgan Keagan’s sales of these instruments has not been fully exposed. The corruption in Jefferson Cty regarding this matter has not been fully investigated. We are talking BILLIONS of $ of debt here in one county. Those of us w/o sewer are looking at almost $400/year to pay for sewer we don’t have!!!!
Looks like a job for Pro-publica.
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