The Judge
05-02-2011, 03:32 PM
"Theirs was the first Pultizer awarded to a body of work that didn’t appear in print (i.e., online only). "
Very thorough Article on housing bubble told thru the Hedge Fund Megnetar.
Lots of graphics etc. tells a great story and backs it up.
From the Article
"The Story So Far
As the housing market started to fade, bankers and hedge funds scrambled for ways to maintain the lavish bonuses and profits they had become so accustomed to, repackaging mortgages in complex securities called collateralized debt obligations. The booming CDO market masked how weak the housing market was, and exacerbated its collapse."
http://www.propublica.org/series/the-wall-street-money-machine
Very thorough Article on housing bubble told thru the Hedge Fund Megnetar.
Lots of graphics etc. tells a great story and backs it up.
From the Article
"The Story So Far
As the housing market started to fade, bankers and hedge funds scrambled for ways to maintain the lavish bonuses and profits they had become so accustomed to, repackaging mortgages in complex securities called collateralized debt obligations. The booming CDO market masked how weak the housing market was, and exacerbated its collapse."
http://www.propublica.org/series/the-wall-street-money-machine