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 "JPMorganChase" ...
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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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Broken Promises
JPMorgan Chase has become the central focus of what is now the largest-ever criminal investigation of the $2.6 trillion municipal bond market. This report shows how JPMorgan Chase convinced school districts, counties and cities to use so-called interest-reat swps, complex derivatives that were supposed to provide low-cost financing to the public. Instead, taxpayers lost millions of dollars as JPMorgan reaped profits.
Tags: finances; banks; corruption; scams; overcharging; municipal bond market;
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Broken Promises
Tax-exempt deals that provided $7 billion in bonds for low-income housing or inner-city schools turned out to be another way for banks and advisers to make money. Bloomberg investigates situations such as a deal in which JPMorgan Chase and Co. and American International Group "pocketed fees, along with their advisers, totaling $12 million." AIG and CDR of Beverly Hills actually had a deal "in which the financial firms made more money and faced less risk if none of the $220 million in bond funds was used by the public. None of it was." There were 70 other such deals across the country in Florida, Georgia, Oklahoma, Illinois, Wisconsin and Missouri. The investigation also includes similar situations of schools being neglected while insurance companies, banks and advisers profit.
Tags: school bonds; Wall Street; JPMorgan Chase and Co.; American International Group; Bank of America; housing bonds