Tag archive for ‘Magnetar’

• Financial Reform: Who’s the Fox in the Henhouse?

  3 May 10 • Comments Off

  In our judicial system, judges recuse themselves when there are conflicts of interest. I’d like to see the same thing in Congress. The only problem—it’s not clear the Senate could field the necessary quorum to hold a vote.

• The Magnetar Trade: Trojan Horse from a Hedge Fund

  13 April 10 • 2 comments

  What happens when it’s insanely profitable to lose money?

  Huh?

  Last Friday, ProPublica described how one hedge fund—Magnetar—invested in the toxic waste from sub-prime mortgages no one else wanted. And it made wads of money. The story is long but well worth your time. The Magnetar Trade illustrates: the capital markets are a new-age war; deception is a tactic; and the old Trojan Horse play is still in vogue. Here’s how the trade works in three easy steps.

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