Last month This American Life (which if you don't listen to, you should) did a special report called "Bet Against the American Dream (MP3)" with Planet Money and ProPublica to find the company or companies that were responsible for making the financial crisis worse.
Basically this company gets hedge funds to build really risky investment portfolios, they buy up the riskiest portions of it and then take out bets (credit default swaps) that they will fail (safe bet considering they helped BUILD those packages).
This is an amazing listen, and so is the broadway-ish song they commissioned!
Bet Against the American Dream from Alexander Hotz on Vimeo.
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