World-News

Jesse Eisinger and Jake Bernstein, ProPublica: "In late 2005, the booming US housing market seemed to be slowing. The Federal Reserve had begun raising interest rates. Subprime mortgage company shares were falling. Investors began to balk at buying complex mortgage securities. The housing bubble, which had propelled a historic growth in home prices, seemed poised to deflate. And if it had, the great financial crisis of 2008, which produced the Great Recession of 2008-09, might have come sooner and been less severe."

https://www.truthout.org/the-magnetar-trade-how-one-hedge-fund-helped-keep-bubble-going58537



How Bubble Barons Protected Their Influence While the Economy Tanked

Kevin Connor, AlterNet: "Following the deadly mine explosion in West Virginia last week, the CEO of the company that owned the mine quickly emerged as a sort of Dickensian villain in media reports. Massey Energy CEO Don Blankenship's cavalier, profit-obsessed approach to mining had led him to dismiss pressing safety concerns at his mines."

https://messenger.truthout.org/ss/link.php?M=218701&N=620&C=89f7caada66e1246c446c82a45236d36&L=5056



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