More Follow the Money Articles

  • UBS sees profits rise, probed over trading system

    GENEVA (AP) — Switzerland's biggest bank, UBS, reported Tuesday a 15 percent rise in second-quarter profit, driven by its core wealth management business, and disclosed it was part of a group of financial companies being investigated over alternative trading systems called "dark pools." UBS...

  • City: Emails show 'cozy' ties of PG&E, regulator

    SAN FRANCISCO (AP) — Top California regulators communicated often and enthusiastically with executives at Pacific Gas & Electric Co., even offering unsolicited advice on handling the media while they presided over a case to decide how much the utility should pay for a deadly explosion in a San...

  • Former FBI employee, wife admit to bank fraud

    SAN FRANCISCO (AP) — A former FBI employee and his wife have pleaded guilty to bank fraud, admitting that they scammed two financial institutions out of more than $80,000. The U.S attorney's office says 61-year-old Charles Espinel and his wife, 58-year-old Jeannette Espinel, entered their...

  • The U.S. spent $35 million trying to grow this crop in Afghanistan

    American Soybean Association was given $34.4 million in federal funds in 2009 to try to jumpstart soybean farming in Afghanistan, according to the government watchdog over American work there.

  • Morgan Stanley paying $275M to settle SEC charges

    WASHINGTON (AP) — Morgan Stanley has agreed to pay $275 million to settle U.S. civil charges that it misled investors about risky mortgage bonds it sold ahead of the 2008 financial crisis. The Securities and Exchange Commission announced the settlement Thursday with the Wall Street bank. The...

  • Social Security's $300M IT project doesn't work

    WASHINGTON (AP) — After spending nearly $300 million on a new computer system to handle disability claims, the Social Security Administration still can't get it to work. And officials can't say when it will. Six years ago, Social Security embarked on an aggressive plan to replace outdated...

  • Social Security spent $300M on 'IT boondoggle'

    WASHINGTON (AP) — Six years ago the Social Security Administration embarked on an aggressive plan to replace outdated computer systems overwhelmed by a growing flood of disability claims. Nearly $300 million later, the new system is nowhere near ready and agency officials are struggling to...

  • SEC considering action against S&P over ratings

    WASHINGTON (AP) — Standard & Poor's said Wednesday that regulators have told the rating agency they are considering taking civil enforcement action against it over ratings it gave to six deals in 2011 involving securities tied to commercial mortgages. S&P's parent McGraw Hill Financial Inc....

  • SEC votes to end $1 a share for some money funds

    WASHINGTON (AP) — Regulators have voted by a narrow margin to end a longtime staple of the investment industry — the fixed $1 share price for money-market mutual funds — at least for some money funds used by big investors. The idea is to minimize the risk of a mass withdrawal from the...

  • Ex-CEO gets prison for stealing from NYC charity

    NEW YORK (AP) — The politically connected former CEO of a prominent New York City charity was sentenced to prison Wednesday for helping to steal more than $9 million from the anti-poverty organization. William Rapfogel, who once headed the Metropolitan Council on Jewish Poverty, will serve a...

  • EXography: Some senators, including Harry Reid, rarely go home; other senators do it constantly

    Senate Majority Leader Harry Reid rarely makes time to travel back to Nevada and listen to the voters who sent him to Washington, according to a Washington Examiner review of Senate disbursement records.

  • Widow: Jury sent tobacco company a $23B message

    NEW YORK (AP) — A Florida widow awarded $23.6 billion in the death of her chain-smoking husband on Monday called the massive verdict a message to Big Tobacco, even though she likely won't see much if any of the money. The punitive damages — $23,623,718,906.62, to be precise — almost...

  • Jeb Hensarling panel demands 'full, unredacted' records on CFPB's rising renovation costs

    House Financial Services Committee Chairman Jeb Hensarling is demanding "full, unredacted" emails and financial records from the Consumer Financial Protection Bureau about the exploding costs for its headquarters building renovation.

  • Another $1.5 billion that may go up in smoke in Afghanistan

    As many of four out of five buildings the U.S. Army has built for the Afghan military, at a cost of $1.6 billion, face "significant fire hazard." The Corps says the Afghan soldiers are fit enough to run outside if there's a fire.

  • The U.S. is about to give $100 million worth of cargo planes to a country that may not need them

    Department of Defense officials are giving two cargo planes worth more than $100 million to Afghanistan's air force, even though they may not be needed.



From the Weekly Standard

  • Kristol Podcast: Obama vs. the Rule of Law

    The WEEKLY STANDARD podcast with editor William Kristol on President Obama's track record on the rule of law, Israel, Immigration, and more.

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  • The Underground War on Israel

    During the first two weeks of the Gaza conflict, Hamas landed at least two significant punches. In firing missiles at Ben Gurion Airport, Hamas convinced the Federal Aviation Authority and...

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  • No Sword, No Justice

    On Tuesday, President Obama visited the Dutch embassy in Washington to pay his respects to the victims of Malaysia Airlines Flight 17, shot down over Ukraine by forces armed and backed by Vladimir...

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