ProPublica is a nonprofit, investigative newsroom that exposes
corruption. We report in all 50 states and partner with local newsrooms. Our work spurs real-world impact and has received numerous awards, including nine Pulitzer Prizes.
As investors left the housing market in the run-up to the meltdown, Wall Street sliced up and repackaged troubled assets based on those shaky mortgages, often buying those new packages themselves. That created fake demand, hid the banks’ real exposure, increased their bonuses — and ultimately made the mortgage crisis worse.
Opaque redistricting groups are being quietly bankrolled by corporations, unions and others to influence redistricting. They aim to help political allies — and in the process they're hurting voters.