Relevant:
- Merrill Lynch Investigated for CDO Deal Involving Magnetar
- SEC Investigating Deal Between JPMorgan and Hedge Fund Magnetar
- The Magnetar Trade: How One Hedge Fund Helped Keep the Bubble Going
- The Magnetar Trade: How One Hedge Fund Helped Keep The Bubble Going
- Emails Give Glimpse Into Deals That Fueled Financial Meltdown
2011-01-28 — propublica.org
"A Financial Crisis Inquiry Commission document shows the hedge fund Magnetar selected hundreds of millions of dollars' worth of assets that went into a billion dollar Merrill Lynch mortgage securities deal, despite having long asserted otherwise."
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catherine at 04:25 2011-01-29 said:
WHAT we find out someone else LIED to our faces about TENS OF BILLIONS OF DOLLARS OF INVESTMENTS?????? :lol: :lol: :lol: companies that have business with every industry or investor in the world????? I am sure for the people that don't want me to be right, they are comforted by knowing that this is the ONLY one that lied, everyone else is right on about their profits, THEIR LOSSES, their games..................... Why do the believers think that this is ONE OF THE ONLY ONES??? well because the law said so ----------------someone here told me just last week that everyone is telling the TRUTH BECAUSE THE LAW TELLS THEM TOO... :lol: :lol: :lol: and THOSE PEOPLE are always shocked when day after day, week after week, month after month, year after year we get these stories in our faces :roll: Permalinkbuyerbeware at 08:22 2011-01-29 said:
This story is kind of old news and it leaves out a couple key points; namely, the time at which Magnetar jumps into the game and John Paulson's involvement. Magnetar entered the CDO game at a time when everybody else was getting out and they weren't shy about it. MBS pricing was waning, but they went whole hog....appearing out of no-where. But, they had willing buyers and a passive regulatory regime so, what the heck. Paulson helped them with the architecture but bet against the mezzanine tranches and made a few bucks. Thing is, he didn't consult on collateral composition; he's probably off the hook. This looks pretty bad because it is pretty bad, but the JD or the SEC are gonna have a tough time making anything stick. Permalinkadd a comment | go to forum thread
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