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Investigations You Need to Read: Wednesday

Today's accountability news:

  • While Congress has been critical of Wall Street's short-selling, lawmakers like Sen. Johnny Isakson, R-Ga., have invested in "derivatives funds that sometimes aimed to profit from a decline in the overall performance of the stock market," writes The Washington Post.
  • A new report by the Federal Reserve inspector general has found the Chicago Fed failed to stop speculative real estate lending at regional banks in Indiana and Michigan that subsequently shut down, Bloomberg reports.
  • PBS "Frontline" examines for-profit universities, the students racking up debt to attend, and the investors -- many from Wall Street -- pumping money into the industry.
  • Federal officials have discovered that the only facility that manufactures children's Tylenol and Motrin used equipment contaminated with bacteria, says The Washington Post.
  • Despite a congressional proposal to cut subsidies to wealthy farmers two years ago, the Associated Press reports that the richest farmers are still getting the most government assistance.

These stories are part of our ongoing roundup of investigations from other news outlets. For more, visit our Investigations Elsewhere page.

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