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, Tomdispatch.com
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
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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