Magnetar's Rap Sheet
The hedge fund Magnetar helped create billions of dollars' worth of risky deals called collateralized debt obligations, many of which failed spectacul...
The hedge fund Magnetar helped create billions of dollars' worth of risky deals called collateralized debt obligations, many of which failed spectacul...
Thomas Adams and Yves Smith | Posted 05.25.2011
It is remarkable that the FCIC, with its access to industry figures and its subpoena powers, was unable to refine this sort of analysis together to give a clear picture of what was actually happening in the CDO market.
Thomas Adams and Yves Smith | Posted 05.25.2011
Louise Story has penned what presents itself as an important story at the New York Times, one that charges Merrill Lynch with misrepresenting the size...
Norb Vonnegut | Posted 05.25.2011
What's worse -- alleged fraud by an investment bank or unchecked profiteering by hedge funds using toxic securities?
nytimes.com | NELSON D. SCHWARTZ and ERIC DASH | Posted 05.25.2011
But now, after so much financial pain, Wall Street is nervously tallying the potential legal costs from its misadventures in collateralized debt obli...
Wall Street Journal | GREGORY ZUCKERMAN and JENNY STRASBURG | Posted 05.25.2011
John Paulson hasn't been accused of any wrongdoing. But the hedge-fund billionaire has gone on the offensive to reassure investors that his huge firm ...
HuffingtonPost.com | Jason Linkins | Posted 05.25.2011
It seems to be pretty clear that the White House is constructing a big pageant play with noble heroes and wicked villains. And at the end of the day, something called "reform" gets passed and nobody asks, "Well, will this work?" Will this SEC suit be the thing that defangs the great vampire squid? I wouldn't count on it.
David Fiderer | Posted 05.25.2011
New reporting offers hard evidence that Magnetar, a hedge fund group based in Chicago, had designed a series of subprime mezzanine CDOs that were all but guaranteed to fail.
Posted 05.25.2011
As part of their segment this week on the hedge fund Magnetar, This American Life and Planet Money asked Broadway composer Robert Lopez to write a sho...
ProPublica | Jesse Eisinger and Jake Bernstein | Posted 05.25.2011
Several journalists have alluded to the Magnetar Trade in recent years, but until now none has assembled a full narrative. Yves Smith, a prominent fin...
Janet Tavakoli | Posted 05.25.2011
Contrary to recent reports, Magnetar wasn't a previously unknown hedge fund, it did not create the synthetic CDO structure, and the magnitude of its role in the subprime crisis has been overblown.
ProPublica | Cora Currier | Posted 05.17.2012