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.
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.
Hedge fund Magnetar and Wall Street banks created $40 billion of deals. The emails show how they did it.
Sandy Weill and others are being celebrated for now calling for breaking up megabanks. The many debacles on their watch seem to have cost them absolutely nothing in fashionable society.
A proper market would want an organization that was impartial, regulated, transparent and open to appeal, but with credit default swaps, there is no such luck.
Corporations don't plan for the long-term. Blame economists, business professors and corporate governance do-gooders, says a professor.
In his first interview, new O.C.C. head John Curry shows he knows what's wrong with the agency. But can he fix it?
When banks are in trouble, they often mislead the world about their financials. Maybe JPMorgan disclosed everything properly about its $2 billion loss, but that's what we need to determine.
The SEC hammers a tiny ratings agency for petty infractions but does nothing against the big agencies that helped cripple the global economy.
Congress wrote in protections to prevent banks from disguising proprietary trading. But regulators are weakening the law.
The Federal Reserve Bank of Dallas issues a blistering indictment of our financial system and calls for breaking up the Too Big To Fail banks.
Adding an explosive new dimension to a politically charged debate on how to solve the housing crisis, the mortgage giants say that reducing the amount of money troubled homeowners owe wouldn't just keep families in their homes, it would also save Freddie and Fannie money.
The so-called JOBS Act, which has support from the White House and Republicans, could help stock market scammers get their mojo back.
2010, a major regulator warned the Federal Reserve: Banks are not healthy
enough to increase dividends, and the economy could implode again. But in its
biggest decision since the financial crisis, the Fed overrode that advice and
let banks return more than $30 billion to shareholders. Here’s the inside
Bank lobbyists couldn't kill the Volcker Rule, intended to stop banks from risking taxpayer money on risky speculation. So they're getting Congress and regulators to render it morbidly obese and bedridden.
There is increasing scrutiny in Washington on Freddie's risky investments.
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