Why does most media ignore things like this?

http://politicalminute.org/the-daily-shows-jon-stewart-and-samantha-bee-report-on-questionable-business-practices-that-the-media-ignores-video/

A few weeks ago Bloomberg reported about a private equity firm Blackstone that structured a strange financial agreement to pay a company to force it to miss a debt payment, resulting a credit default swap and they would make over $15 million. On “The Daily Show” host Jon Stewart wonders why a deal like this hasn’t been covered by any news outlet. As Stewart explains:

“Earlier this year Blackstone bought something called a credit default swap on debt that Codere owed to a third party. Which means Blackstone would make money if Codere blew a lone payment to the other guys. So far, so good.

Then a short time later Blacksone offers Codere a $100 million loan with the condition that Codere pay the other loan to the other company late. The loan Blackstone had already bet that they would in fact pay late.

So Blackstone loans Codere $100 million. Codere deliberately pays the other loan two days late. A credit default swap is triggered and Blackstone collects $15 million in insurance money.”

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