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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 (page 2 of 6)
Aug. 6, 2012, 8:40 a.m.Hedge fund Magnetar and Wall Street banks created $40 billion of deals. The emails show how they did it.
Feb. 21, 2012, 6:59 p.m.Banker involved in Magnetar deals is one of two recommended for disciplinary action for "alleged misrepresentations in connection with the sale" of a complex security.
Nov. 23, 2011, 6 a.m.Margin Call’s all-star cast brings to life writer/director J.C. Chandor’s film, which is the most insightful Wall Street movie ever produced.
Nov. 23, 2011, 6 a.m.J.C. Chandor sits down with ProPublica to talk about how the movie Margin Call came together and the challenges of making a hard-hitting movie about Wall Street on a tight budget.
Oct. 20, 2011, 2:21 p.m.A $285 million SEC settlement appears to wipe the slate clean on Citi's multi-billion-dollar CDO business.
Oct. 19, 2011, 10:19 a.m.One of the driving forces behind U.S. Century Bank is Sergio Pino, a prominent Miami developer and political donor.
Oct. 19, 2011, 10:19 a.m.U.S. Century Bank had very high rates of insider loans and other red flags, yet got a $50.2 million TARP loan. Now that taxpayer money may be lost as the bank stumbles under heavy losses.
Aug. 8, 2011, 5:31 p.m.The bank agrees to pay $590 million to settle claims alleging that Wachovia, acquired by Wells Fargo in 2008, misrepresented its financial health and the quality of its bonds.
July 12, 2011, 2:49 p.m.News Corp. employees in Britain could be charged in U.S. with bribery if they recorded payments accurately in the company's books and inaccurate accounting if they didn't.
June 22, 2011, 12:57 p.m.Many other banks created deals with similar characteristics to the transaction that resulted in JPMorgan's $154 million settlement with the government. But the SEC still faces big challenges in wresting more settlements from banks.
June 3, 2011, 8:16 a.m.Some fear the grandest ambitions of the law passed last year to reform the nation's financial system are being undermined in the rule-making process.
April 14, 2011, 4:37 p.m.Citing reports by ProPublica, lawmakers describe the hedge fund's role in the collateralized debt obligations business.
April 8, 2011, 5:17 p.m.In an interview with the Financial Times, Bernard Madoff names four associates who he alleges knew that his business wasn't on the level.
Feb. 17, 2011, 9:23 a.m.
Jan. 27, 2011, 4:08 p.m.A Financial Crisis Inquiry Commission document shows Magnetar selected assets for a billion dollar Merrill Lynch mortgage securities deal, despite having long asserted otherwise.
Dec. 22, 2010, 3:37 p.m.The builders of mortgage securities at industry giant Merrill Lynch couldn’t find buyers for their wares. So they paid another group at Merrill to take billions of dollars of the unwanted assets.
Nov. 18, 2010, 8 a.m.The SEC is investigating whether in the run-up to the financial crisis Citi acted improperly as it created and marketed a $1 billion CDO.
Nov. 1, 2010, 1:20 p.m.The SEC is investigating whether JPMorgan adequately disclosed to investors that the hedge fund Magnetar influenced a deal it was also betting against.
Oct. 29, 2010, 4:06 p.m.
Oct. 25, 2010, 4:29 p.m.A European-based investment fund and a French bank are battling it out in New York state court over complex securities created at the behest of the hedge fund Magnetar
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