Tag Archives | Jake Bernstein ProPublica

Wall Street Series Awarded Pulitzer Prize

This week my colleague Jesse Eisinger and I won the Pulitzer Prize for National Reporting for our series on Wall Street misdeeds leading up to the financial crisis. The stories showed how some on Wall Street knew years before the rest of us that there were problems in their business but rather than cut it off, they ramped it up. The result was a financial crisis that was bigger and more damaging than it otherwise have been.

I’ll have more soon but right now I just want to thank everyone at ProPublica who did such a tremendous job on this story – that include Eric Umansky our editor, Stephen Engelberg our managing editor, Krista Kjellman-Schmidt who did amazing work on the graphics, and Lisa Schwartz who helped with the research. And of course, Paul Steiger, our editor-in-chief.

Thanks also to everyone who has emailed, tweeted, and facebooked your congratulations. Every one of them is deeply appreciated.

Follow on Twitter: @Jake_Bernstein

From Paul Steiger see also:
A Note on ProPublica’s Second Pulitzer Prize


Wall Street Self-Dealing Exposed

The dynamic duo of ProPublica and Planet Money has unleashed another story that details the Wall Street shenanigans that exacerbated the financial collapse.

The story, “Banks’ Self-Dealing Super-Charged Financial Crisis,” chronicles how over the last two years of the housing bubble, Wall Street banks perpetrated one of the greatest episodes of self-dealing in financial history.

Faced with increasing difficulty in selling the mortgage-backed securities that had been among their most lucrative products, the banks hit on a solution that preserved their quarterly earnings and huge bonuses:

They created fake demand.

Read the story and learn how they did it.

There is also an entertaining version that aired on NPR’s Morning Edition.

But wait, there’s more… The multimedia extravaganza continues with a podcast we did with Planet Money that goes into a lot more detail.

And with all this high-brow financial stuff, we felt this story might need some leavening. So we brought in the Gregory Brothers of Auto-Tune the News for their take. They did a video called, “We Didn’t See It Comin’,” which is guaranteed to bring a smile.

There is also a comic that lays it out for folks who like their news in pictures.