The IRE Resource Center is a major research library containing more than 23,250 investigative stories — both print and broadcast. These stories are searchable online or by contacting the Resource Center directly (573-882-3364 or rescntr@ire.org) where a researcher can help you pinpoint what you need. Browse or search the tipsheet section of our library below. Stories are not available for download but can be easily ordered by contacting the Resource Center:
Search results for "Merrill Lynch" ...
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All the Devils are Here: The Hidden Story of the Financial Crisis
This book offers an attempt to exlore all the various forces -- on Main Street, Washington and Wall St. -- that lead to the financial crisis of 2008. They explored the extent that subprime loans fed the crisis; how Wall Street dictated the degraded lending terms; and the efforts of federal regulators to thwart predatory lending at the state and local levels.
Tags: financial crisis; subprime lending; housing crisis; foreclosure; predatory lending; Wall Street; Contrywide; Ameriquest; Goldman Sachs; Merrill Lynch; AIG;
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Wall Street Money Machine
This series of stories reveals that several Wall Street bankers saw indications of the housing market meltdown "long before the public and policy makers." The three-part series offers a different look at the all too familiar results of bigger payouts for the bankers and huge job and savings losses for the public. The series covers the hedge fund Magnetar and the "mechanics" behind the failure of Merrill Lynch.
Tags: Merrill Lynch; Magnetar; CDOs; Wall Street; bankers; gains; payouts; economic crisis; BankAmerica; hedge fund; housing market; bribery
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"Too Big To Fail: How Wall Street and Washington Fought to Save the Financial System - and Themselves"
Andrew Ross Sorkin takes readers to the middle of the largest financial crisis to hit the states since the Great Depression. Through hours of interviews and "documentary evidence," Sorkin reveals the "behind-the-scenes, moment-by-moment" steps and decisions on Wall Street that "sowed the seeds" of its slow, eventual demise.
Tags: Wall Street; Washington D.C.; Lehman Brothers; AIG; Merrill Lynch; Henry Paulson; JPMorganChase; Goldman Sachs; Fannie Mae; Freddie Mac
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Who's Behind the Financial Meltdown?
"Who's Behind the Financial Meltdown" explores lending practices of big banks leading up to the near collapse of the financial sector in 2007. Findings suggest large banks such as Lehman Brothers, Merrill Lynch, Citigroup and Goldman Sachs bankrolled about 72 percent of the industry's risky subprime lending while executives reaped record bonuses and collected billions in federal bailout money.
Tags: banking; financial; meltdown; collapse; bailout; bonuses; subprime; lending; loans; banks;
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The Financial Collapse
Among the findings in this package are: In February, Morgenson warned that the arcane contracts known as credit-default swaps were so volatile and explosive that they would "set off a chain reaction of losses at financial institutions." In May, she examined the moves by private investment firms to buy up hundreds of New York apartment buildings, betting that they could evict tenants and raise rents. In July, she reported on the enormous increase in consumer debt and the changes in the lending system that encouraged risky loans. In September, she dissected the small London Investment unit that had bedazzled the insurance giant AIG with its profits but soon brought it to its knees and helped trigger a widespread collapse. In November, she profiled the reckless executives who gambled on subprime home mortgages and led Merrill Lynch to its demise. In December, she held the credit-rating agencies to sharp account, in particular Moody's, showing how they had minimized or overlooked the dangers to investors.
Tags: AIG; credit-default swaps; Wall Street; Merill Lynch; Federal Reserve; columnists
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Broken Markets: The Panic of 2008
How the credit crisis caused by Wall Street giants Bear Stearns, Lehman Brothers, Merrill Lynch and American International Group brought the financial market to its knees
Tags: stocks; economy; market; financial firms; credit crisis; brokers; traders; real-estate holdings; executive pay
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Blood on the Street
Gasparino investigates the role of highly paid stock-market analysts in creating the stock market bubble of the 1990s that wiped out billions of dollars of wealth, much from average, middle-class American investors. He claims that analysts were being paid not to find, in an unbiased manner, suitable stocks for people to invest in, but rather to promote stocks of companies that were also clients of their firms.
Tags: stock analysts; stock market boom; invest; Citigroup; Merrill Lynch; Morgan Stanley
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Investment Conflict on Wall Street: "Wall Street's Dumping Ground" and "Bank Funds Draining Investors"
"Wall Street's five largest investment banks helped banking clients - and neglected investor interests - during the stock market boom and bust by loading up in-house mutual funds with shares of client companies that pay the banks millions in fees. Funds at Citigroup, Merrill Lynch, and three other banks held on to millions of shares of client companies during the 2000-2003 market slump, even though the value of the shares plummeted as much as 99 percent."
Tags: business; banking; investment; Securities and Exchange Commission; SEC; US Senate Banking Committee; Harvey Pitt
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Dan Gordon, Merrill Lynch and the Missing $43 Million
Dan Gordon, a 24-year-old Merrill Lynch energy trader, embezzled $43 million from the world's largest securities firm, which ignored warnings of criminal conduct by Gordon and which didn't disclose the theft until after it was reporter by Bloomberg News, three years after Gordon's crimes. Four months after the first Bloomberg News story, Gordon pleaded guilty to fraud, money laundering, and conspiracy.
Tags: Williams School; Merrill Lynch & Co.; U.S. Justice Department; Dan Gordon; embezzlement; energy trade; offshore companies; offshore accounts; conspiracy; securities; Yale University; Boston University; money laundering; Ostrich Capital; Kings Holdings LLC; AIG Private Bank; Constellation Energy Group; Newport Pacific Financial Group SA; Allegheny Energy Inc.; Mellon Bank; K2 Energy Corporation; Falcon Energy Holdings; Daticon; fraud
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The Flimflam Man
This series of articles exposed massive theft by Dan Gordon from Merrill Lynch. Gordon embezzled $43 million dollars; these articles show how he almost got away with it.
Tags: embezzlement; money laundering; Merrill Lynch; employee theft; white collar crime