Prospect Weekend Reads Week of August 12th Stories from the week you don’t want to miss!
SERGI REBOREDO/VWPICS VIA AP IMAGES
View of 1740 Broadway in New York, at left. The $605 million property was purchased by Blackstone in 2015 and sold this year for only $186 million.
Collapsing Mortgage Securities. Broken Processes. No Accountability. Sound Familiar?: According to a whistleblower complaint, credit rating agencies have been violating Dodd-Frank by assigning safe ratings to collapsing
commercial mortgage-backed securities. David Dayen wonders: is it 2008 all over again? Dear Hackers: Please Send Me the Trump Campaign Emails: Mainstream media outlets have refrained from publishing Trump campaign emails but had no problem scrutinizing every detail of Hillary Clinton's emails. If anyone has those emails, Ryan
Cooper writes, send them our way—ethically, of course.
Let Them
Eat Invoices: While still under active federal investigation for rampant medical and billing fraud, Steward Health Care’s CEO is hanging out in Versailles. Maureen Tkacik has the story.
The Neighborliness Option: Democratic officials are concerned that Texas Governor Greg Abbott could send tens of thousands of migrants to Chicago in time for the DNC, but the people of Chicago are ready to call his bluff. Read the latest installment of Rick Perlstein's column The Infernal Triangle. A Safety Net for Unemployed Workers: Under President Biden, the United States has added nearly 16 million jobs and average unemployment has been lower than during any administration in 50 years. While the job market is stable, Acting Secretary of Labor Julie Su writes, we need to fix our disastrous unemployment insurance system.
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