Wednesday, May 06, 2009

A look at who's behind the financial breakdown

WASHINGTON - DECEMBER 6:  U.S. President Georg...Image by Getty Images via Daylife

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From:
Center for Public Integrity


Subprime lending, credit-default swaps, toxic assets…these terms have dominated the news for months. But what does it all mean? And how did we get into this economic mess?

The answers are both complex and troubling, but the Center for Public Integrity strives to bring them to you in our long-awaited investigation: Who’s Behind the Financial Meltdown?

In our latest project, we examine the three main failures of responsibility behind the meltdown:

  • The suprime lenders who were the orginators of what became toxic assets;
  • The mega-banks who owned and financed these lenders and are now being bailed out;
  • And the stunning federal regulatory breakdown that faciliated this catastrophe.

Go to the project website now to check out some revealing features from our groundbreaking investigation:


There’s all of this and so much more in our latest accountability project. From podcasts to key charts and graphs, the Center for Public Integrity is determined to make sure you get all the information you need on the financial crisis.

Thanks for your support,
Bill Buzenberg
Executive Director

P.S. We couldn’t bring these comprehensive investigations to you without the support of people like you. Please make a generous gift today.


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