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from ProPublica
Non-profit newsroom in New York
Emails Give Glimpse Into Deals That Fueled Financial Meltdown
As ProPublica has been detailing for two years, Wall Street banks and the hedge fund Magnetar worked together to build mortgage-backed deals that the hedge fund also bet against. The more than $40 billion of deals helped fuel the crash of 2008. Now, recently collected emails from bankers and a Magnetar executive involved in some of the deals appear to shed new light on how they did it.
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Non-profit newsroom in New York
Emails Give Glimpse Into Deals That Fueled Financial Meltdown
As ProPublica has been detailing for two years, Wall Street banks and the hedge fund Magnetar worked together to build mortgage-backed deals that the hedge fund also bet against. The more than $40 billion of deals helped fuel the crash of 2008. Now, recently collected emails from bankers and a Magnetar executive involved in some of the deals appear to shed new light on how they did it.
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from The Spokesman-Review
Unusually hot summer harms Midwest waters
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| Japan's Prime Minister Yoshihiko Noda, right, offers silent during the ceremony to mark the 67th anniversary of the atomic bombing in Hiroshima, Japan, today. |
Mayor calls on leaders to ‘contemplate peace’
Horse dies in Omak qualifying race
OMAK, Wash. — A horse has died after injuring its leg while attempting to qualify for the World Famous Suicide Race at the Omak Stampede, according to The Omak-Okanogan County Chronicle.
The newspaper said the horse Little Big Man stumbled at the bottom of the race hill Friday as it entered the Okanogan River. The horse, owned by Jerry Ford of Wellpinit, was attempting to complete the final qualifying test for the races later this week.
Pete Palmer of the Owner’s and Jockey’s Association told the Chronicle that the owners, jockeys and horses train hard for the race and a loss impacts the entire racing community.
The association sanctions the Suicide Race, which began in 1935. Three horses died in 2004, the last year a horse was lost.
OMAK, Wash. — A horse has died after injuring its leg while attempting to qualify for the World Famous Suicide Race at the Omak Stampede, according to The Omak-Okanogan County Chronicle.
The newspaper said the horse Little Big Man stumbled at the bottom of the race hill Friday as it entered the Okanogan River. The horse, owned by Jerry Ford of Wellpinit, was attempting to complete the final qualifying test for the races later this week.
Pete Palmer of the Owner’s and Jockey’s Association told the Chronicle that the owners, jockeys and horses train hard for the race and a loss impacts the entire racing community.
The association sanctions the Suicide Race, which began in 1935. Three horses died in 2004, the last year a horse was lost.
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| Early 1900s: Fans watch an Indians game at Recreation Park |
Then and Now: The ol’ ball game
Tracking baseball’s history in Spokane since 1901
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