Purposeful Creation of Bad Investments and Buying Insurance to Protect Creator from Failure of Those Investments

Authentic journalism requires an open mind, getting the details, checking the information against multiple resources to find consistancy and add validity, and time and resources to pull the story together. Here is one journalistic example, of many, done by Planet Money:

For seven months a team of investigative journalists from ProPublica looked into a story for us, the inside story of one company that made hundreds of millions of dollars for itself while worsening the financial crisis for the rest of us.

A hedge fund named Magnetar comes up with an elaborate plan to make money. It sponsors the creation of complicated and ultimately toxic financial securities… while at the same time betting against the very securities it helped create. Planet Money’s Alex Blumberg teams up with two investigative reporters from ProPublica, Jake Bernstein and Jesse Eisinger, to tell the story. Jake and Jesse pored through thousands of pages of documents and interviewed dozens of Wall Street Insiders.

Visit This American Life and click on “STREAM EPISODE” to hear authentic journalism.

They even commissioned a Broadway tone for this rip off of Americas common wealth to continue making the rich richer while ultimately putting millions out of work.