Hedge funds are benefiting from a large number of former government employees who now work for them as lobbyists, according to Politico. The report says that half of one firm's 83 lobbyists used to serve in government.
According to The Wall Street Journal, a 2004 study showed that a safety mechanism on oil wells might not work in deep waters, but federal regulators failed to mandate any upgrades. The device is suspected of malfunctioning in the current disaster in the Gulf of Mexico.
Transocean, the company that operates the drilling rig that exploded in the Gulf, eliminated executive bonuses in 2009 in an effort to "underscore the company's commitment to safety," reports The Wall Street Journal. The move came after four Transocean workers were killed in 2009.
Documents show that the Federal Reserve discussed the possibility of a housing bubble in 2004 but dismissed the idea, reports The Washington Independent.
The Chicago Tribune reports that a mortgage broker is accused of targeting Latino immigrants in a loan modification scam. Distressed homeowners say the scheme misled them into signing over the deeds to their property.
These stories are part of our ongoing roundup of investigations from other news outlets. For more, visit our Investigations Elsewhere page.
Thank you for your interest in republishing this story. You are are free to republish it so long as you do the following:
You have to credit us. In the byline, we prefer “Author Name, ProPublica.” At the top of the text of your story, include a line that reads: “This story was originally published by ProPublica.” You must link the word “ProPublica” to the original URL of the story.
If you’re republishing online, you must link to the URL of this story on propublica.org, include all of the links from our story, including our newsletter sign up language and link, and use our PixelPing tag.
You can’t edit our material, except to reflect relative changes in time, location and editorial style. (For example, “yesterday” can be changed to “last week,” and “Portland, Ore.” to “Portland” or “here.”)
You cannot republish our photographs or illustrations without specific permission. Please contact [email protected].
It’s okay to put our stories on pages with ads, but not ads specifically sold against our stories. You can’t state or imply that donations to your organization support ProPublica’s work.
You can’t sell our material separately or syndicate it. This includes publishing or syndicating our work on platforms or apps such as Apple News, Google News, etc.
You can’t republish our material wholesale, or automatically; you need to select stories to be republished individually. (To inquire about syndication or licensing opportunities, contact our Vice President of Business Development, Celeste LeCompte.)
You can’t use our work to populate a website designed to improve rankings on search engines or solely to gain revenue from network-based advertisements.
We do not generally permit translation of our stories into another language.
Any website our stories appear on must include a prominent and effective way to contact you.
If you share republished stories on social media, we’d appreciate being tagged in your posts. We have official accounts for ProPublica and ProPublica Illinois on both Twitter (@ProPublica and @ProPublicaIL) and Facebook.
Copy and paste the following into your page to republish: