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 "hedge-fund" ...
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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 New Tax Man"
This series of stories by the Huffington Post Investigative Fund examines how tough financial times have affected "ordinary" citizens. Reporters revealed how local property tax collectors were "selling the right to collect unpaid taxes to private investors," which could leave homeowners with large extra fees, and the possibility of losing "their home if they are unable to pay."
Tags: taxes; mortgage; interest; unemployment; property tax; Baltimore; Wells Fargo; Bank of America; hedge fund; Fortress Investment Group
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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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Divided Loyalties
The stories look at the conflicts of interest that arise when private colleges do business with trustee-affiliated companies.
Tags: trustee-affiliated companies; conflicts of interest; contracts; hedge funds; universities
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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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"Widening Web"
Wall Street Journal staff revealed how the Galleon Group aggressively pushed its traders for stock tips and how those who couldn't supply the information were often "pushed out." Galleon co-founder Raj Rajaratnam was eventually charged with "fraud" and "conspiracy."
Tags: Galleon Group; Raj Rajaratnam; insider-trading; Wall Street; hedge-fund
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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
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Toxic Debt
"In 2007, the financial world came unhinged. A rise in late mortgage payments triggered hedge fund blowups, massive Wall Street write-offs, ousted CEOs, Congressional hearings, and intervention by central bankers and finance ministers. In a series of exclusive and prescient stories, Bloomberg exposed the ties that connected unregulated mortgage brokers, fee-hungry Wall Street banks, conflicted credit rating companies, and the managers of money market funds and public pension plans."
Tags: mortgage payments; Wall Street; brokers; banks; credit rating firms
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Uncovering 'Coingate': From State of Turmoil to State of Change
In the second year of investigations into corruption in the State of Ohio, a Toledo Blade investigation into investment and corruption scandals takes down a former COP county chairman who channeled illegal contributions through more than 20 conduits into the 2004 Bush/Cheney campaign.
Tags: Ohio Bureau of Investigation; kickbacks; Ohio Republican Party; Ohio Bureau of Worker's Compensation; hedge funds; Coingate; GOP fundraiser Tom Noe; rare coin trading; pay-to-play; contribution laundering
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Daddy's Girl
Reporter Kelly Cramer tells the story of Bruce McMahan and Linda Schutt, a father and daughter who carried on an incestuous sexual relationship in the late 1990s and were married in 2004. Schutt was the biological daughter of McMahan, a rich Wall Street hedge fund manager. She was put up for adoption at birth by her mother. Schutt searched for her real father, and the pair connected in 1990 when Schutt was 21. Eight years later, they began their relationship, which lasted until she was married, and picked up again a few years later, resulting in the marriage of father and daughter.
Tags: Bruce McMahan; Linda Schutt; incest; adoptive parents; Wall Street