Jake Bernstein, Author at Pacific Standard

Home Archives for Jake Bernstein

Economics

Who’s Leaking Confidential Information From the Federal Reserve?

After looking for nearly six months, the Federal Reserve says it couldn’t find out who had shared confidential policy information. Critics in Congress aren’t satisfied with the account.

Jake Bernstein

Economics

A Stress Test for the Federal Reserve Bank of New York

As congressional critics push for reform of Wall Street’s lead regulator, Fed Chairwoman Janet Yellen says more of the decisions on bank oversight have shifted to Washington, D.C.

Jake Bernstein

News in Brief

A Leak at the Federal Reserve

Ben Bernanke ordered an internal review of a previously undisclosed leak that found its way into a newsletter for big investors, revealing confidential bond-buying details.

Jake Bernstein

Economics

Turmoil at JPMorgan

Examiners are reportedly blocked from doing their job as “London Whale” trades blow up.

Jake Bernstein

Economics

Is the Federal Reserve Bank of New York Doing Enough to Monitor Wall Street?

Bank President William Dudley says supervision is stronger than ever, but Democratic senators are unconvinced: "You need to fix it, Mr. Dudley, or we need to get someone who will."

Jake Bernstein

Economics

Federal Reserve Announces Sweeping Review of Its Big Bank Oversight

The Federal Reserve Board wants to look at whether the views of examiners are being heard by higher-ups.

Jake Bernstein

News in Brief

Inside the Federal Reserve Bank of New York: Secret Recordings and a Culture Clash

A confidential report and a fired examiner’s hidden recorder penetrate the cloistered world of Wall Street’s top regulator—and its history of deference to banks.

Jake Bernstein

Social Justice

The War on Cancer: Big Pharma Is Keeping Us From Developing Low-Cost Treatments

Big Pharma’s focus on blockbuster cancer drugs squeezes out research into potential treatments that are more affordable. Says one researcher: "What is scientific and sexy is driven by what can be monetized."

Jake Bernstein

Economics

Wrongful Termination Suit Offers an Inside Look at How the Fed Handled ‘Too Big to Fail’ Banks

Lawyer Carmen Segarra said she was pressured to change her finding that the way Goldman Sachs managed conflicts of interest was flawed.

Jake Bernstein