The Wall Street Money Machine
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.
Enticed by profits and bonuses, Wall Street took advantage of complicated mortgage-based instruments to reap billions, only to exacerbate the eventual crash.
What We’re Watching
During Donald Trump’s second presidency, ProPublica will focus on the areas most in need of scrutiny. Here are some of the issues our reporters will be watching — and how to get in touch with them securely.
Learn more about our reporting team. We will continue to share our areas of interest as the news develops.
Sharon Lerner
I cover health and the environment and the agencies that govern them, including the Environmental Protection Agency.
Andy Kroll
I cover justice and the rule of law, including the Justice Department, U.S. attorneys and the courts.
Melissa Sanchez
I report on immigration and labor, and I am based in Chicago.
Jesse Coburn
I cover housing and transportation, including the companies working in those fields and the regulators overseeing them.
If you don’t have a specific tip or story in mind, we could still use your help. Sign up to be a member of our federal worker source network to stay in touch.
We’re trying something new. Was it helpful?
