Enterprising Boy Scouts, Small Banks Bust and Child-Care Scams
The editors at Post Investigations have scoured the nation's top in-depth and investigative reports from this past week and selected their most interesting finds.
Agree? Disagree? See anything we've missed? Let us know.
Boy Scouts Collecting Cash for Development » The Boy Scouts of America say they "were green before it was cool to be green." But a Hearst Newspapers investigation has found Scouting councils nationwide have logged and sold to developers thousands of acres of sensitive forestlands, often for love of a different green: Cash. — Hearst Newspapers
The Small Bank Bust » The now-shuttered Silver State Bank isn't another casualty of the subprime flameout. The small bank made its biggest bets not on home mortgages, but on loans to developers across Nevada and Arizona. Its demise highlights an aspect of the financial crisis that's been overshadowed by the crash of Wall Street and its megabanks: How small banks are suffering from a wave of defaults on construction and development loans that could cause dozens more to succumb in the year ahead. — ProPublica
State-Funded Child-Care Scam Rakes in Thousands » Four months of investigating resulted in the discovery of serious problems in a $340 million taxpayer-financed child-care system known as Wisconsin Shares. The program was designed to give low-wage working parents assistance with child care, encouraging them to get and keep jobs, rather than stay on welfare. But reporters found a trail of phony companies, fake reports and shoddy oversight. — Milwaukee Journal Sentinel
By Derek Kravitz |
January 30, 2009; 6:22 PM ET
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