By Rebecca LaFlure
Center for Public Integrity
Efforts by the government to fix a notable problem sometimes create a new mess that turns out to be as insidious and troublesome as the first, or even worse. This is what happened when Washington attempted to improve the way its security agencies vetted hundreds of thousands of workers needed suddenly after the 9/11 attacks to pursue counterterror tasks and oversee heightened secrecy requirements.
By Nina Martin
ProPublica
When the U.S. Supreme Court issued its 5-4 decision in Wal-Mart v. Dukes in June 2011, no one needed a Richter scale to know it was a Big One. In throwing out a mammoth lawsuit by women employees who claimed that they’d been systematically underpaid and underpromoted by the world’s biggest corporation, the ruling upended decades of employment discrimination law and raised serious barriers to future large-scale discrimination cases of every kind.
By Michael Beckel
Center for Public Integrity
A veteran Goldman Sachs & Co. executive and major fundraiser for President Barack Obama has been nominated as the next ambassador to Canada — the latest in a parade of big-dollar campaign backers slated to represent U.S. interests abroad.
By Lauren Kyger, Alison Fitzgerald and John Dunbar
Center for Public Integrity
On March 11, 2008, Christopher Cox, former chairman of the Securities and Exchange Commission, said he was comfortable with the amount of capital that Bear Stearns and the other publicly traded Wall Street investment banks had on hand. Days later, Bear was gone, becoming the first investment bank to disappear in 2008 under the watch of Cox’s SEC.
By Daniel Wagner
Center for Public Integrity
Andy Pollock rode the last subprime mortgage wave to the top then got out as the industry collapsed and took the U.S. economy with it. Today, he’s back in business.
By Alison Fitzgerald
Center for Public Integrity
Five years after the near-collapse of the nation’s financial system, the economy continues a slow recovery. Many of the top Wall Street bankers who were largely responsible for the disaster are also unemployed. But they walked away with millions and they’re juggling their ample free time between mansions, golf, skiing and tennis
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