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 "bailout" ...
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Profiting from the Auto-Bailout
September, 2012 the Obama campaign launched television ads blasting Romney’s November 2008 New York Times op-ed, “Let Detroit Go Bankrupt.” In an article for The Nation Magazine, funded by The Nation Investigative Fund we discovered that Ann Romney, personally gained at least $15.3 million from the bailout—and a few of Romney’s most important Wall Street donors made more than $4 billion. Their gains, and the Romneys’, were astronomical—more than 3,000 percent on their investment. It all starts with Delphi Automotive, a former General Motors subsidiary whose auto parts remain essential to GM’s production lines. No bailout of GM—or Chrysler, for that matter—could have been successful without saving Delphi. So, in addition to making massive loans to automakers in 2009, the federal government sent, directly or indirectly, more than $12.9 billion to Delphi—and to the hedge funds that had gained control over it. One of the hedge funds profiting from that bailout— $1.28 billion at the time of publication — was Elliott Management, directed by Romney supporter, Paul Singer.
Tags: Bailout; political campaign; Obama; Romney; Paul Singer
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The Fed's Secret Liquidity Lifeline
The stories reveal the first details of the Federal Reserve's unprecedented bailout of hundreds of banks and other companies during the financial crisis.
Tags: Federal Reserve; Goldman Sachs; bailout; banks
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The Economic Collapse: Fixing Blame
The series details the AIG bailout and the decisions surrounding it. It also looks at how small community banks in the Greenspan-era were able to overextend themselves like the big Wall Street banks did.
Tags: Moody's; AIG; bailout; banks; Wall Street; Ben Bernanke
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"House of Cards"
In this investigation, CNBC takes a look at the beginnings of the "global economic collapse." After 9/11, the U.S. government "dropped interest rates" in an attempt to breathe new life into the economy. The investigation reveals how Wall Street took on unstable mortgages to "re-package it and sell it to investors." This story includes personal accounts from home buyers, mortgage brokers, bankers and more.
Tags: hedge-fund; housing market; economic collapse; recession; Wall Street; George W. Bush; Alan Greenspan; Henry Paulson; bailouts; bankrupt; credit crisis
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The Fight for Transparency
"Bloomberg is the only news organization ever to sue the Federal Reserve Board-and win, forcing disclosure of borrowers and collateral for emergency bailout money." They are forcing the Reserve Board's accountability by providing accurate numbers to the public. Also, the information on the subject is now available to every major news organization in the US.
Tags: Federal; government; money; funds; taxpayers; financial; stimulus; Obama; banking; banks; FOIA
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USA Inc.: The State of Capitalism
The investigation delves into the hidden details surrounding the government's unprecedented intervention into business and the economy, specifically in regards to conflicts of interest at the New York Federal Reserve Bank and drastic actions taken by government officials to persuade and reward banks.
Tags: federal reserve; new york; banking; capitalism; bailout; government; united states; industry; intervention; regulation;
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Home Wreckers: How Banks are Making the Foreclosure Crisis Worse
The article explores how major lenders are lobbying in Washington to deter legislation to solve the foreclosure crisis. Banks feel that any action from Washington will give courts more power to shrink mortgage debt for borrowers which banks say could result in less bank profit, irresponsible borrowing and higher borrowing costs.
Tags: banks; lenders; mortgage; debt; foreclosure; crisis; Washington; lobby; loans; bailout; stimulus; lobbying
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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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Follow the Money
This is an extensive series conducted to examine questionable earmarks on many levels. The story covers money trails from the Presidential election to wasted medical drugs that are (literally) being flushed down the toilet.
Tags: lobbying; public waste; banking bailout; Presidential election; whistle blower; Qui Tam; Medicaid; NASA
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Financial package
"Hedge funds in swaps face peril with rising junk bond defaults" examined the complexity of credit default swaps, which are unregulated securities that were supposed to act as a form of insurance and protect investors against risk. "FDIC may need $150 billion bailout as local bank failures mount" reported that many regional banks in the country would fail within a year because they hadn't realized losses on defaulting mortgages. "Exploiting FDIC loopholes enriches former U.S. bank regulators" revealed that three former government employees created a for-profit company that exploits FDIC rules and helps millionaires insure up to $50 million in bank accounts guaranteed by the FDIC.
Tags: economy; finance; recession; bank; bond; FDIC; mortgage; bailout