Senior Editor and Reporter
Jesse Eisinger is a senior editor and reporter at ProPublica. He is the author of the “The Chickenshit Club: Why the Justice Department Fails to Prosecute Executives.”
In April 2011, he and a colleague won the Pulitzer Prize for National Reporting for a series of stories on questionable Wall Street practices that helped make the financial crisis the worst since the Great Depression. He won the 2015 Gerald Loeb Award for commentary. He has also twice been a finalist for the Goldsmith Prize for Investigative Reporting.
He serves on the advisory board of the University of California, Berkeley’s Financial Fraud Institute. And he was a consultant on season three of the HBO series “Succession.”
He was a regular columnist for The New York Times’s Dealbook section. His work has appeared in The New York Times, The Atlantic, NewYorker.com, The Washington Post, The Baffler, The American Prospect and on NPR and “This American Life.” Before joining ProPublica, he was the Wall Street Editor of Conde Nast Portfolio and a columnist for the Wall Street Journal, covering markets and finance.
He lives in Brooklyn with his wife, the journalist Sarah Ellison, and their daughters.
It's looking like we have moved from the crash to the bubble and skipped the economic recovery.
John Breit was a physicist who went to Wall Street and learned to throw out his math models. He managed risk for Merrill Lynch by developing sources of human intelligence on the trading desks and among the executives.
The Dodd-Frank financial overhaul law gave shareholders a vote on executive pay. It turns out that they usually approve compensation packages by margins Fidel Castro would have envied.
A devastating Senate report on JPMorgan’s London Whale trading debacle reveals that banks and regulators have learned few if any lessons from the financial crisis.
A lawsuit over Bank of America's mortgage portfolio could cost the bank tens of billions more than it had planned, prompting critics to say the bank has not set aside enough for a settlement.
To advise him on tax policy, Senate Majority Leader Harry Reid hires from a corporation infamous for avoiding taxes, while a bank regulator and a Beltway consulting firm swap top officials.
How a tiny tax on financial transactions could raise revenue and help the capital markets.
Lawsuit suggests employees across Morgan Stanley understood the housing market was in trouble and exploited that knowledge to bet against securities and unload garbage investments on the unsuspecting. The bank denies wrongdoing.
The same critics who assailed Fannie Mae and Freddie Mac are now attacking the Federal Housing Administration. They were wrong then and they are wrong now.
The taxpayer-backed mortgage giants, Freddie Mac and Fannie Mae, play a huge and growing role in the economy yet are riven by conflicts of interest and clashing goals. We examined the problems and solutions.
The home loan market was nationalized in a slapdash fashion and is now riven by conflicts of interest and competing goals. To solve it, a consensus is forming to head down the path of the least resistance but greatest risk.
It looks more and more as if Steve Cohen's returns at the hedge fund SAC have been generated not only through his trading brilliance but also through a culture of cutting corners. So why do major institutional investors still have any money with him?
The new Office of Financial Research was created to conduct independent analysis of systemic risks to the financial system, but so far it suffers from poor design and too many ties to big finance.
Obama sweeps into his second term with real advantages, including stronger appointees and more senators on his side. But the problems run so deep that he is unlikely to solve them.
While interest rates are low, margins on mortgages are high, giving banks a bonanza. Competition should lower rates, but the bank bailout fostered a cartel.
Freddie officials wanted to protect the company's bottom line and some sought to nix a backdoor economic stimulus. The consequence: Homeowners stayed trapped in high-rate loans.
Tax code favors debt over equity, fattening bank profits and weakening the financial system.
Romney's private equity firm battled with brokers, also asked them to find healthy companies, not just turnarounds.
Aided and abetted by Congress, the Securities and Exchange Commission deregulates as if the financial crisis never happened.
In an effort to wind down the bank bailout program, the government is trying to sell its preferred stock holdings of the remaining smaller banks, but the potential losses from the auctions could be in the hundreds of millions of dollars.
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