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Jake Bernstein

Jake Bernstein
Read Jake Bernstein's e-book, The Wall Street Money Machine, on your Kindle or mobile device.

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Jake Bernstein is 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).

Articles

Top Fed Policy Group Brought Up Leak to Private Newsletter

Answering a ProPublica records request, the Federal Reserve acknowledged a leak Federal Open Market Committee information but declined to release the committee's transcripts on the matter.

Leak at Federal Reserve Revealed Confidential Bond-Buying Details

Then-Chairman Ben Bernanke ordered an internal review of the previously undisclosed leak, which found its way into a newsletter for big investors.

New York Fed Chief Stands Firm Against Charges of Weak Oversight

Bank President William Dudley said supervision is stronger than ever, but Democratic senators were unconvinced: "You need to fix it, Mr. Dudley, or we need to get someone who will."

Federal Reserve Announces Sweeping Review of Its Big Bank Oversight

Ahead of Senate hearing on regulatory capture, the Federal Reserve Board wants to look at whether the views of examiners are being heard by higher-ups.

The Carmen Segarra Tapes

Carmen Segarra secretly recorded 46 hours of audio while embedded as a bank examiner at Goldman Sachs between November 2011 and May 2012. These are some of her recordings.

Secret Tapes Hint at Turmoil in New York Fed Team Monitoring JPMorgan

Examiners are reportedly blocked from doing their job as "London Whale" trades blow up.

Senate Hearing Set on Secret Recordings at N.Y. Fed

A banking subcommittee will explore the case of fired examiner Carmen Segarra and whether the Federal Reserve Bank of New York is too soft on institutions it supervises.

Inside the New York Fed: Secret Recordings and a Culture Clash

A confidential report and a fired examiner’s hidden recorder penetrate the cloistered world of Wall Street’s top regulator -- and its history of deference to banks.

In Turnabout, N.Y. Moves to Shut Troubled Rehab Clinic

Records show state officials knew for years about problems at New York Service Network, including allegations of overbilling and violations of patients’ rights exposed by a ProPublica investigation.

Judge Tosses Retaliation Lawsuit by Fired N.Y. Fed Examiner

Ruling: Carmen Segarra's claim that she was dismissed for not withdrawing a critical finding about Goldman Sachs is not protected by federal law.

MIA In The War On Cancer: Where Are The Low-Cost Treatments?

Big Pharma’s focus on blockbuster cancer drugs squeezes out research into potential treatments that are more affordable. Says one researcher: “What is scientific and sexy is driven by what can be monetized.”

Caramadre Gets Six Years for Investment Scheme Involving Terminally Ill

Judge cites “very real emotional and psychological victimization" of dying participants who took cash for assigning their death benefits to investors.

SEC Issues More Fines Over Magnetar Deals – and Appears to Move on

There have now been more than $435 million in SEC settlements regarding one of the most notorious groups of mortgage securities deals behind the financial crisis.

New Allegations from Fired Examiner Describe Chaotic Workplace at New York Fed

The Fed has denied allegations by Carmen Segarra, who says she was wrongly terminated after refusing to back off findings that were critical of Goldman Sachs.

N.Y. Fed Asks Court to Dismiss Fired Goldman Examiner’s Lawsuit

Responding in a wrongful termination case, the New York Federal Reserve disputes Carmen Segarra’s claim that Goldman Sachs lacked firm-wide conflict-of-interest policies.

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.

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.

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.

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.

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.
Jake Bernstein
Read Jake Bernstein's e-book, The Wall Street Money Machine, on your Kindle or mobile device.

Contact Info

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Stay on top of what we’re working on by subscribing to our email digest.

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