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Wall Street Money Machine

Number 24780
Subject Financial Investigations
Source ProPublica
State NY
Year 2010
Publication Date 4/9/2010; 8/26/2010; 12/22/2010
Summary This series of stories reveals that several Wall Street bankers saw indications of the housing market meltdown "long before the public and policy makers." The three-part series offers a different look at the all too familiar results of bigger payouts for the bankers and huge job and savings losses for the public. The series covers the hedge fund Magnetar and the "mechanics" behind the failure of Merrill Lynch.
Category Contest Entry
Pages 64
Keywords Merrill Lynch; Magnetar; CDOs; Wall Street; bankers; gains; payouts; economic crisis; BankAmerica; hedge fund; housing market; bribery
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