Here are our editors’ picks from today’s roundup of 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.
According to the Los Angeles Times, about 160 teachers and other employees of the Los Angeles school district collect salaries collectively worth around $10 million a year for doing absolutely nothing. Well, to be precise, they listen to music, watch TV and read the Bible while waiting for allegations of misconduct to be resolved. A school board member tells the Times, “It’s a glaring example of how hard it is to remove someone from the classroom.”
Also, the Center for Public Integrity analyzed 7.2 million subprime loans made between 2005 and 2007 and identified the 25 subprime lenders that originated nearly three-quarters of them. Twenty-one of those were financed by banks that received bailout money. Goldman Sachs, one of the only banks to respond, said, “As an industry, we collectively neglected to raise enough questions about whether some of the trends and practices that became commonplace really served the public’s long-term interest.”
