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:
The Subprime 25 shows the top 25 lenders responsible for nearly $100 billion in subprime loans from 2005 to 2007. Check out their stats, including the bailout funds they've received.
View our extensive maps, which show where the top 25 subprime lenders originated most of their high-interest mortgages from 2005 through 2007.
Get your own copy of this investigation by buying the e-Book.
Like what you see? Grab the Ecomomic Meltdown widget and post it on your site or social network profile.
Share your story - are you one of the thousands of homeowners affected by predatory lending?
Help us continue this project by submitting your personal experience.
Make a contribution to support this project and help us continue our critical work!
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 BuzenbergExecutive Director
1 comment:
The Corporations who pay for the elections, make enormous profit lending money to people and charging interest (at profit), are the very entities responsible for the calamity we face.
It was engineered in advance and many people have become enormously wealthy selling and buying and selling stocks during the process.
Now, these Corporations have blackmailed the Congress and paid for the President in the most recent actions to fleece America. They control the price of stocks and commodities. They also control the liquidity of currency in the market place. These people contol our economy. They are meeting next week, May 14-17 in Greece. Their organization is called The Bilderberg Group.
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