Corpwatch: Blackstone Group Buys Houses in Bulk to Profit from Mortgage Crisis

28 November 2013 — Corpwatch

WHAT’S NEW ON CORPWATCH: Holding Corporations Accountable

Blackstone Group Buys Houses in Bulk to Profit from Mortgage Crisis
Laura Gottesdiener,

Blackstone Group, the largest private equity firm in the world, has bought up 200,000 houses in cities hardest hit by the economic meltdown. They hope to profit by renting homes to poor people and securitizing the cash flow – the very plan that caused the crisis in the first place.


Potash Cartel Causes Friction Between Russia and Belarus
Richard Smallteacher
November 21st, 2013

A clash between Belaruskali and Uralkali – the global potash exporters from Belarus and Russia respectively – almost destroyed a global cartel that has artificially kept prices of fertilizer as high as $400 a ton in international markets.


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Posted 5th December 2013 by InI in category "Capitalism", "Corpwatch

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