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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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