"A republic, if you can keep it." Defeat MAGA
"A republic, if you can keep it." Defeat MAGA
Goldman says Magnetar did just what they did. Magnetar says Goldman did the same thing. Their argument that “everyone else did it too” is the most telling. It’s a needless argument if they didn’t do anything illegal. A hint of…
From Naked Capitalism. Emphasis added Magnetar 1) A neutron star with an intense magnetic field, capable of emitting toxic radiation across galaxies 2) A hedge fund, the single market player most responsible for the severity of the 2008 financial crisis,…
Bet Against the American Dream from Alexander Hotz on Vimeo. Toxic assets get the full Broadway musical treatment. Gee, I wonder if by the time the hedge funds that made money betting against subprime mortgages become the subject of a…
Magnetar created deliberately arcane and risky securities then bet against them, making a fortune in the process. Their actions almost certainly made the real estate bubble bigger and the subsequent crash even worse. Not that the parasite financial class cares…