Marian Wang was a reporter for ProPublica, covering education and college debt. She joined ProPublica in 2010, first blogging about a variety of accountability issues. Her later stories focused on how rising college costs and the complexity of the student loan system affect students and their families. Prior to coming to ProPublica, she worked at Mother Jones magazine in San Francisco and freelanced for a number of Chicago-based publications, including The Chicago Reporter, an investigative magazine focused on issues of race and poverty.
Using financial products called CDOs, a Chicago hedge fund got rich as it helped to make the financial crisis worse. As readers look for more answers about the complex arrangement, ProPublica follows up on its investigation.
Oregon's investments for its pension funds, unlike those of many states, are doing well, thank you, and its investment officials are frequently wined and dined by the investment funds whose services the officials oversee.
Details of ProPublica's investigation of the Magnetar Trade can be heard on NPR's "This American Life," .
Taking their turns before the Financial Crisis commission, executives from Fannie Mae said the hybrid nature of the company -- government chartered but stockholder owned -- and the mandate to make loans to increase home ownership were primary factors in its failure.
Chuck Prince and Robert Rubin, two leaders of Citigroup during the financial meltdown, told an investigations committee that they were sorry for the company's role in the financial crisis, but that they didn't see it coming.
Chuck Prince, Citigroup's former CEO, told the Financial Crisis Inquiry Commission that the Fed's oversight of the company was sufficient, even though a panel's study showed that Fed regulators didn't regulate Citi enough.
At a hearing before the Financial Crisis Inquiry Commission, Alan Greenspan defended the Federal Reserve against blame. He said that although the Fed has responsibility for bank regulation and oversight, it "is not an enforcement agency."
A video that shows an American gunship killing two Reuters journalists in Baghdad yields defense and condemnation, but needs to be considered in light of other killing of civilians.
The Financial Crisis Inquiry Commission, a 10-person panel tasked with investigating the causes of the financial crisis, begins a second round of public hearings with former Fed chairman Greenspan, ex-Citigroup CEO Chuck Prince and former Citi chairman (and Treasury secretary) Robert Rubin.
A report says that companies are now firing their auditors more frequently, demanding more services and managing their relationships -- and fees -- more than in the past, when auditors seemed to always have the upper hand.
In a letter sent last January, Treasury Secretary Geithner indicates his opposition to fixed capital requirements in financial reform legislation. He favors capital requirements to prevent problems like those that sunk Lehman Brothers, but doesn't want a numerical requirement written into the law.
Unemployment held steady at 9.7 percent in March, 162,000 jobs were added. But in the same month, U.S. bankruptcy filings reached their highest since 2005, with 158,141 America consumers and businesses filing for bankruptcy.
Among Friday's investigations: Pfizer paid $35 million to doctors and medical centers to consult on its behalf, and retired military officers will now have to disclose their business ties with defense contractors.