What was made can be unmade. JPMorgan Chase and Wells Fargo may have venerable names, but they and the pseudo-venerable Citigroup and Bank of America are all products of countless mergers and agglomerations. There is no rule of markets that requires a financial system dominated by four cobbled-together, lumbering behemoths, writes ProPublica's Jesse Eisingerin.
A number of key members of the family which controlled The Wall Street Journal say they would not have agreed to sell the prestigious daily to Rupert Murdoch if they had been aware of News International's conduct in the phone-hacking scandal at the time of the deal, writes Richard Tofel in this article co-published by ProPublica and The Guardian.
Un certain nombre de membres clés de la famille Bancroft, qui contrôlait Dow Jones & Company, ancien éditeur du Wall Street Journal, regrettent d'avoir cédé le quotidien américain à Rupert Murdoch en 2007 pour 5 milliards de dollars.
The Obama administration’s mortgage modification program is more than two years old. From the beginning, it’s been apparent that the participating banks and mortgage servicers were breaking the program’s rules. Now, after millions of homeowners have been rejected, the government has decided it’s finally time to crack down, writes Paul Kiel from ProPublica.
President Obama is facing a swell of bipartisan criticism for continuing military engagement in Libya without congressional approval. Even supporters of the Libya intervention have complained that the administration is flouting the law. So, is it? This analysis by Marian Wang of ProPublica.
Watch carefully, and you'll see how the three men who saved the world-Federal Reserve Chairman Ben Bernanke, NY Fed's Timothy Geithner, and Treasury Secretary Henry Paulson-get it wrong again and again and again, writes Jesse Eisinger.
Providers of civil legal services to the poor are having to furlough their staff, triage their clients, and turn away more people in need as a result of the congressional budget compromise reached last month.
The arrest of International Monetary Fund chief Dominique Strauss-Kahn for allegedly sexually assaulting a maid at a Midtown Manhattan hotel has raised many questions. One we had is what role diplomatic immunity might play -- and who else gets it.
The killing of Osama bin Laden in a Pakistani city dominated by the military has spotlighted a conundrum that Western counterterror agencies have grappled with for years: Is Pakistan's powerful intelligence service an ally, an enemy or a mix of both?
Multinational companies operating in Libya have had to deal with many obstacles, including a government rife with corruption that often asked for what amounted to bribes. Sometimes those companies balked; sometimes they paid them, New York Times reported today.
