A Pulitzer for an inquiry into Wall St. Subcrimes

THE FIRST PULITZER EVER, 4 SOMETHNG THAT NEVER WENT INTO PAPER, PRINT.

 @ProPublica
1st time a group of stories not published in print won a #PulitzerPrize for journalism: http://propub.ca/hoGfXx @niemanlab

While Denmark’s Doma wins 1st word restaurant title by the British Restaurant Mag, @ProPublica it’s champagen for the 2nd consecutive Pulitzer entering the house. This year (and for the first time ever a pure digital media affair) the winners are @Jake_Bernstein & @eisingerj > http://twitpic.com/4miz63. Due to:

http://www.propublica.org/series/the-wall-street-money-machine

 As the housing market started to fade, bankers and hedge funds scrambled for ways to maintain the lavish bonuses and profits they had become so accustomed to, repackaging mortgages in complex securities called collateralized debt obligations. The booming CDO market masked how weak the housing market was, and exacerbated its collapse.

Namely focusing upon this HF, Magnetar:

The Magnetar Trade: How One Hedge Fund Helped Keep the Bubble Going

by Jesse Eisinger and Jake Bernstein, ProPublica – April 9

@ProPublica

 Senate report on the origins of the financial crisis cites our investigations: http://propub.ca/eIu8Oo

Their results strongly support a strict and strong regulation, by showing how Austrian or neoclassical, neoliberal self-regulation JUST DOES NOT EXST.

Banks’ Self-Dealing Super-Charged Financial Crisis

by Jake Bernstein and Jesse Eisinger
ProPublica, Aug. 26, 2010, 10:09 p.m.

As investors left the market in the run-up to the meltdown, Wall Street created fake demand, increasing their bonuses — and ultimately making the crisis worse.

All the best to ProPublica, a new kind of professional digital media, and the two laureates.

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Published in: on April 19, 2011 at 1:04 pm  Leave a Comment  
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