How Rajat Gupta Came Undone

The downfall of a Goldman Sachs director:

"Now from, for the last three or four, I mean four or five years, I've given him a million bucks a year, right?" says Rajaratnam. "Yeah, yeah," says Gupta, who doesn't appear taken aback at all by Rajaratnam's next remark: "After taxes. Offshore. Cash."

The People vs. Goldman Sachs

While much of the Levin report describes past history, the Goldman section describes an ongoing? crime — a powerful, well-connected firm, with the ear of the president and the Treasury, that appears to have conquered the entire regulatory structure and stands now on the precipice of officially getting away with one of the biggest financial crimes in history.

Bad Education

With fewer and fewer students having the income necessary to pay back loans (except through the use of more consumer debt), a massive default looks closer to inevitable.

On the emerging student loan bubble.

2011 Pulitzer Prize: Investigative Reporting: Weak Insurers Put Millions of Floridians at Risk

Despite no hurricanes in five years, Florida insurers are demanding yet more money from homeowners. At the same time, the capital that insurers have on hand to pay claims has shrunk. One reporter spent a year trying to figure out why.

  1. Weak Insurers Put Floridians at Risk

  2. How Insurers Make Millions on the Side

  3. Regulators Take a Gamble on Discount Insurance

  4. Property Insurers Sending Billions Overseas

  5. Florida Insurers Rely on Dubious Storm Model

  6. How State Farm Cashed in on a Crisis

  7. No Hurricanes, but Bigger Insurance Bills

2011 Pulitzer Prize: National Reporting: The Wall Street Money Machine

A series on how some Wall Street bankers, seeking to enrich themselves at the expense of their clients and sometimes even their own firms, at first delayed but then worsened the financial crisis.

  1. The Magnetar Trade: How One Hedge Fund Helped Keep the Bubble Going

  2. The ‘Subsidy’: How a Handful of Merrill Lynch Bankers Helped Blow Up Their Own Firm

  3. Banks’ Self-Dealing Super-Charged Financial Crisis