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Corrections

Science Says Methane in PA. Water Is from Drilling, Not Natural Causes

Correction, Nov. 9, 2010: This story incorrectly stated that well water had been fouled in northwestern Pennsylvania. The story should have said the water was fouled in northeastern Pennsylvania.

Despite Praise From Banks, Treasury, In-House Loan Mods Provide Less Help to Homeowners

Correction, Nov. 5, 2010: This post incorrectly stated that homeowner Connie Breault had filed for bankruptcy. Breault has considered bankruptcy but has not filed.

With All Eyes on the Gulf, BP Alaska Facilities Are Still at Risk

Correction, Nov. 2, 2010: This story has been corrected to specify that BP’s 2006 shutdown of oil deliveries from the North Slope were from the Prudhoe Bay field, the largest of several distinct production fields there. Also, the shutdown interrupted 4 percent of the nation’s oil supply that comes from U.S. production, not global production.

Two Companies Seek Trade Secret Status for Fracking Fluids in Wyoming

Correction, Nov. 2, 2010: An earlier version of this article stated that ChemEOR was a subsidiary of Flotek Industries Inc. CESI Chemical, not ChemEOR, is a subsidiary of Flotek.

Frustrated Oil Spill Claimants Consider Alternative Compensation Fund

Correction, Sept. 23, 2010: This post incorrectly stated that claimants could not receive payments from both Kenneth Feinberg’s operation and the Coast Guard’s National Pollution Funds Center. While claims cannot be paid double, a claimant can seek additional payment from the Coast Guard’s fund if they feel they have been underpaid by Feinberg.

Interactive: CDOs’ Interlocking Ownership

Correction, Sept. 22, 2010: This post previously reported that there were 85 instances during 2006 and 2007 in which two complex securities known as collateralized debt obligations bought pieces of each others' "unsold" inventory. In fact, there were some instances when this cross-exposure occurred through later transactions. The banks sometimes used such transactions to minimize their own exposure to CDOs they had created.

Also, our interactive graphic includes at least one example of cross-exposure that did not involve "unsold" inventory. A CDO called Tourmaline III made a sidebet in 2007 that mirrored the performance of a piece of a CDO called Zais Investment Grade 8; that same year Zais 8 bought a piece of Tourmaline III. Both CDOs were underwritten by Deutsche Bank.

Administration Takes Steps That Will Reduce Deportation Risk for Many Undocumented Immigrants

Correction, Sept. 9, 2010: The initial version of this story inaccurately said the ICE immigration enforcement program known as Secure Communities was active in 17,553 jurisdictions in 23 states. As of Aug. 31, Secure Communities was active in 574 communities in 30 states.

Banks' Self-Dealing Super-Charged Financial Crisis

Correction, Aug. 26, 2010: This story previously reported that there were 85 instances during 2006 and 2007 in which two complex securities known as collateralized debt obligations bought pieces of each others' "unsold" inventory. In fact, there were some instances when this cross-exposure occurred through later transactions. The banks sometimes used such transactions to minimize their own exposure to CDOs they had created.

Primer: Six Things Happening Right Now With Financial Regulation

Correction, Aug. 11, 2010: This post has been corrected to indicate that Sens. Dick Lugar, R-Ind., and Benjamin Cardin, D-Md., inserted the provision requiring increased disclosures from oil companies. It had previously stated that two Democratic senators had inserted the measure.

Drilling Industry and Gubernatorial Candidates Move to Weaken Some State Regulations

Correction, Aug. 5, 2010: This post incorrectly said that New Mexico’s pit rules went into effect in May 2008, when the rig count was 79. It should have said that the pit rules went into effect in June 2008, when the rig count was 78. The story also said that the Independent Petroleum Association’s appeal to overturn the rules was filed in the state Oil Conservation Division, when it was actually filed with the First Judicial District Court.

Bogus 'Obama Mom' Grants Lure Students

Correction, July 23, 2010: An earlier version of this story incorrectly described the University of Southern California Rossier School of Education as a public school; USC is a private, non-profit university.

Correction, July 23, 2010: An earlier version of this story also incorrectly described Golden Gate University as a for-profit school; Golden Gate University is a private, non-profit school.

Blast at BP Texas Refinery in '05 Foreshadowed Gulf Disaster

Correction, July 2, 2010: This post originally said that the Chemicals Safety Board produced a detailed investigation of the 2005 accident. The story should have said that the investigation was produced by the Chemical Safety Board.

Top Officer Says Military Takes Brain Injuries 'Extremely Seriously'

Correction, June 9, 2010: This post originally said Gen. Peter Chiarelli was the Army's second in command. He is in fact the Army's vice chief of staff.

Congressmen Raised Concerns About BP Safety Before Gulf Oil Spill

Correction, May 4, 2010: This post mistakenly said the 2006 Prudhoe Bay oil spill involved 4,800 gallons of oil. It should have said it involved 4,800 barrels of oil.

New Tricks for Those Republican ‘Census’ Mailers

Correction, Apr. 28, 2010: The original post mistakenly said a letter sent to Republican National Committee Chairman Michael Steele was authored by Rep. Darrell Issa (R-Calif.). The letter was actually written by Rep. Jason Chaffetz (R-Utah).

Charges Aside, What About Goldman's Nondisclosure of a Potential Lawsuit?

Correction, April 20, 2010: This post has been corrected to note that SEC rules generally do not require disclosure about a pending legal proceeding if the claim for damages does not exceed 10 percent of the company's overall assets. It had previously said only that the SEC does not require disclosure of a Wells notice.

The Magnetar Trade: How One Hedge Fund Helped Keep the Bubble Going

Correction, April 9, 2010: This story previously suggested that the hedge fund Magnetar was involved in the naming of “Squared,” a JP Morgan Chase collateralized debt obligation. In a September 30, 2010 letter to ProPublica, Magnetar said it did not name the CDO, and we have corrected the story to remove the previous suggestion.

Reporting Network Doc Squad

Correction, April 5, 2010: This post mistakenly included Delaware and Georgia among the states that currently restrict public records access for people of out-of-state.

Data Show Bank Regulator Goes Easy on Enforcement

Correction, March 29, 2010: This post has been corrected to remove language calling the Office of the Comptroller of the Currency a "little known bank regulator."

Treasury, Ahem, Clarifies Goals for the Mortgage Mod Program

Correction, March 25, 2010: This piece originally misstated the Treasury official's estimate of how many homeowners will convert from trial to permanent mods. It said that "Treasury thinks that somewhere between 50 and 66 percent of homeowners in trial mods will fall out," when the official said that between 50 and 66 percent of those homeowners will convert to a permanent mod.

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