The Federal Reserve shrugged off warnings and let banks pay shareholders billions of dollars in dividends, ProPublica investigative reporter Jesse Eisinger says.
Jesse Eisinger is a senior reporter at ProPublica, covering Wall Street and finance. He writes a regular column for The New York Times' DealBook section.
Since the financial crisis of 2008, the Federal Reserve has shrugged off warnings and let the largest U.S. financial firms pay tens of billions of dollars in dividends to shareholders, instead of putting aside money as capital in case a new financial crisis hits.
A new report from the Education Department finds that minority students receive much harsher punishment than their white counterparts. The report finds that more than 70 percent of cases referred to police in school-related issues involved black or Hispanic students.
Iran's semi-official Fars News Agency is reporting that the country is ready to allow United Nations nuclear inspectors into a military complex, where the West suspects Iran is undertaking secret nuclear work.
In some states, polls are already open this morning. It's Super Tuesday and 10 states are scheduled to hold nominating contests. At stake are 437 delegates.
Rebekah Speight spotted the familiar profile on a McNugget left on her child's plate. After stashing it in the freezer for three years, she auctioned it off on eBay. Her church's summer camp will benefit from the winning $8,000 bid.
Navy Secretary Ray Mabus says he wants personnel to adapt to the 21 century. He announced the Navy will give sailors breathalyzer tests and drug tests before they report to duty on a ship. The Marines will adapt a similar program next month.
Ten states hold GOP nominating contests on March 6. Here a voter heads to a polling station Tuesday morning in Cambridge, Mass., where former Gov. Mitt Romney is expected to win his home state.
Super Tuesday 2012 is finally here, with Republican presidential preference contests — a mix of primaries and caucuses — occurring in 10 states from sea to shining sea.
While the 2012 race for the GOP nomination likely won't be over by Wednesday morning, it could seem far closer to being so, especially if Mitt Romney sweeps contests everywhere but, say, Georgia, where the former congressman from the Peach State, Newt Gingrich, is expected to have a good night.