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Resource ID: #24238
Subject: Financial Investigations
Source: Center for Public Integrity (Washington, D.C.)
Affiliation: 
Date: 05/06/2009; 08/25/2009

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Description

"Who's Behind the Financial Meltdown" explores lending practices of big banks leading up to the near collapse of the financial sector in 2007. Findings suggest large banks such as Lehman Brothers, Merrill Lynch, Citigroup and Goldman Sachs bankrolled about 72 percent of the industry's risky subprime lending while executives reaped record bonuses and collected billions in federal bailout money.

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