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Road to Ruin: Mortgage Fraud Scandal Brewing

Mon, 11 May 2009 00:00:00 -0700

American News Project - By Lagan Sebert - May. 11 (Special Report) - Criminal fraud may be the most underreported aspect of our current financial crisis. In this "Road to Ruin" report, former subprime lenders from Ameriquest, once the country's largest lender, describe a system rife with fraud. They describe how a "by-any-means-necessary" policy pushed employees to cut corners and falsify documents on bad mortgages and then sell the toxic assets to Wall Street banks eager to make fast profits.

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The Food Lobby Goes to School

Fri, 20 Feb 2009 00:00:00 -0800

American News Project - By Steven Greenstreet - Feb. 20 (Investigative Report) - Who decides what our children are eating? To a large degree, it is the Federal Government. Congress and the Department of Agriculture approve what foods can (and can't) be served to over 30 million American school children who get daily meals from the National School Lunch Program. The government gets a ton of pressure from a food and beverage industry frantic to keep kids hooked on a diet of sodas, snacks and hot dogs. The competition for a piece of this $10 billion market is particularly fierce right now because this year the School Lunch Program is being reviewed and revised. Despite the enormous nutritional and financial stakes at play, ANP was the only media to cover a recent panel set up to discuss the school menu. While nutritionists outnumbered the press, corporate lobbyists outnumbered everyone.

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The EPA and the Curse of Coal Ash

Thu, 22 Jan 2009 00:00:00 -0800

American News Project - Jan. 22 (Special Report) - In March of 2000 during the last days of the Clinton administration, the EPA decided coal ash was a hazardous waste and then two months later, changed its mind. If the EPA had stuck to its guns, the Kingston Coal Ash disaster in Tennessee might have been averted. The push now is to have coal ash federally regulated. Will the EPA make the same mistake twice?

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Congress Ignored Critical Bailout Oversight

Fri, 19 Dec 2008 00:00:00 -0800

American News Project - By Lagan Sebert Danielle Ivory - Dec. 19 (Special Report) - [Video 6:24] On December 19th, Henry Paulson urged Congress to release the second half of the $700 billion of the bailout money. But no one seems know what banks have done with the first $350 billion. Despite the fact that Congress wrote more than one hundred pages about oversight in the bailout bill, they left a gaping hole.

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Inslee for Energy Secretary?

Tue, 11 Nov 2008 00:00:00 -0800

American News Project - By Nick Penniman, Danielle Ivory - Nov. 11 (Interview) - has been named as the potential head of Obama's Department of the Interior or Department of Energy. ANP sat down with Rep. Inslee before the election...

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Election Day 2008: Hope in South L.A.

Wed, 05 Nov 2008 00:00:00 -0800

American News Project - By Lagan Sebert - Nov. 05 (News Report) - The communities of South Central Los Angeles have been plagued by crime and violence for decades. But on Election Day voters in Watts and Compton spoke of hope while waiting in lines that stretched for blocks. Showing overwhelming support for Barack Obama, many reflected on their own lives punctuated by the race riots of the 60's and the 90's.

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If Obama Wins . . . Conservatives Panicked, Pessimistic

Mon, 03 Nov 2008 00:00:00 -0800

American News Project - By Harry Hanbury - Nov. 03 (Interview) - (VIDEO - 4:30) At a Halloween-day rally for John McCain in Columbus, Ohio, ANP asked McCain supporters a simple question: If Barack Obama is elected president, what will it say about America? One woman, who claims that Obama wants to change the flag and the national anthem, demonstrates the lasting power of a debunked anti-Obama chain e-mail. Produced in collaboration with Patricia Foulkrod, director of The Ground Truth.

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Essay: The Faces of the Financial Crisis

Wed, 17 Sep 2008 00:00:00 -0700

American News Project - Sep. 17 (Special Report) - The U.S. financial system faces a grave crisis as investment giants teeter on the edge of collapse. These institutions aren't merely made of paper and percentages, though. They're led by people - people who've made some rotten decisions in recent years. Whereas we'll hear much in the coming weeks about the federal regulators who are scrambling to avert a disaster, we should also hear about the CEOs who got very rich while their firms crumbled.

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