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.
Former Fed Chairman Alan Greenspan acknowledges that the Fed did little to rein in the systemic risks banks were taking, but also said that the Fed couldn't have prevented the recession even it had acted. Most forecasting models are broken, he said.
Following a White House directive, the Central Intelligence Agency has finally posted an open government Web page. The OMB had issued a Feb. 6 deadline for such pages, but later said the requirement didn't apply to independent agencies like the CIA.
Officials inside and outside Lehman Brothers say there were unaware of the company's accounting sleight of hand. But the auditing firm Ernst & Young signed off on the books and is coming under criticism for its role in the financial crisis.
The Senate amended its jobs bill with more accountability for tracking and reporting stimulus spending, following flaws we reported on how some companies listed as not filing reports had actually filed them.