Find Post Investigations On:
Facebook Scribd Twitter
Friendfeed RSS Google Reader
» About This Blog | Meet the Investigative Team | Subscribe
Ongoing Investigation

Top Secret America

The Post explores the top secret world the government created in response to the attacks of Sept. 11.

Ongoing Investigation

The Hidden Life of Guns

How guns move through American society, from store counter to crime scene.

Have a Tip?

Talk to Us

If you have solid tips, news or documents on potential ethical violations or abuses of power, we want to know. Send us your suggestions.
• E-mail Us

Categories

Post Investigations
In-depth investigative news
and multimedia from The Washington Post.
• Special Reports
• The Blog

Reporters' Notebook
An insider's guide to investigative news: reporters offer insights on their stories.

The Daily Read
A daily look at investigative news of note across the Web.

Top Picks
A weekly review of the best
in-depth and investigative reports from across the nation.

Hot Documents
Court filings, letters, audits and other documents of interest.

D.C. Region
Post coverage of investigative news in Maryland, Virginia and the District.

Washington Watchdogs
A periodic look into official government investigations.

Help! What Is RSS?
Find out how to follow Post Investigations in your favorite RSS reader.

Hot Comments

Unfortunately I believe that we are limited in what we can focus on. I think that if we proceed with the partisan sideshow of prosecuting Bush admin. officials, healthcare will get lost in the brouhaha.
— Posted by denamom, Obama's Quandary...

Recent Posts
Bob Woodward

The Washington Post's permanent investigative unit was set up in 1982 under Bob Woodward.


Archives
See what you missed, find what you're looking for.
Blog Archive »
Investigations Archive »

Have a Tip?
Send us information on ethics violations or abuses of power.
E-Mail Us »

Other
Investigations
Notable investigative projects from other news outlets.
On the Web »
Top Picks »

Picks of the Week: Wall Street, Counterfeit Chinese Parts and PAC Money

POSTED: 04:37 PM ET, 10/ 3/2008 by Derek Kravitz

In a regular feature of Post Investigations, our editors have combed through the in-depth and investigative reports from news outlets across the nation and selected the notable projects of the week.

Get the complete list (in no particular order) after the jump.

The Hourlong Meeting That Changed Wall Street

A 55-minute meeting held on April 28, 2004, between the five members of the Securities and Exchange Commission and the country's biggest investment banks fundamentally changed how the banking industry works and, in part, led to the Wall Street mortgage meltdown four years later, The New York Times' Stephen Labaton found.

The meeting, held in a basement hearing room, was unattended by any major media outlets. Its result -- the unleashing of investment banks from an old rule that limited the amount of debt they could take on -- largely went unnoticed.

But the loosening of the nation's capital rules allowed the firms to borrow more. In return, the SEC was given access to the the "firms' own computer models for determining the riskiness of investments, essentially outsourcing the job of monitoring risk to the banks themselves."

But the government regulators didn't take advantage of their new responsibilities, The Times reports.

"The agency's failure to follow through on those decisions also explains why Washington regulators did not see what was coming," Labaton writes.

Countefeit Chinese Computer Parts Leave U.S. Armed Forces in Trouble

The discovery of counterfeit Chinese computer parts in American warplanes, ships and communication networks have left the Pentagon vulnerable to accidents and espionage, BusinessWeek reports.

The news magazine pointed to two incidents where counterfeit computer chips were shipped and used in American military products, including a F-15 fighter jet based at Robins Air Force Base in Warner Robins, Ga.

"Potentially more alarming than either of the two aircraft episodes are hundreds of counterfeit routers made in China and sold to the Army, Navy, Air Force, and Marines over the past four years. These fakes could facilitate foreign espionage, as well as cause accidents," BusinessWeek's Brian Grow, Chi-Chu Tschang, Cliff Edwards and Brian Burnsed found.

Wash. Times: Pelosi Using Campaign Money For Husband's Investments

House Speaker Nancy Pelosi (D-Calif.) took nearly $100,000 from her political action committee and used it to fund her husband's real estate and investment firm over the past decade, a practice which Pelosi herself pledged to ban last year, The Washington Times' Jennifer Harberkorn reports.

The Times reported that Pelosi's husband, Paul F. Pelosi, and his firm, Financial Leasing Services Inc. (FLS), received $99,000 in rent, utilities and accounting fees from the speaker's "PAC to the Future" over nine years.

Nancy Pelosi's office called the payments perfectly legal and said the money was paid for her husband's work for the committee.

By Derek Kravitz |  October 3, 2008; 4:37 PM ET Top Picks
Previous: How a Missouri Feud Ousted a U.S. Attorney | Next: The Fight for Wachovia, McCain's Record, GOP Questions Obama Donations

Comments

Please email us to report offensive comments.



Post a Comment

We encourage users to analyze, comment on and even challenge washingtonpost.com's articles, blogs, reviews and multimedia features.

User reviews and comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions.




characters remaining

 
 

© 2010 The Washington Post Company