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The Magnetar Trade

Discussion in 'Politics & World News' started by Pesqueeb, Apr 20, 2010.

  1. Pesqueeb

    Pesqueeb bicycle in airplane hangar

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    A long read, but very interesting. If there is anything the teahadists should be pissed about its this. It certainly irks my inner populist. Especially in light of the following graphs:

     

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  2. Rideforfun

    Rideforfun Monkey

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    I actually listened to a story about this on NPR one day. Basically from what I understood of it, it was just a bunch of sketchy dealings that no one caught before it was too late. I think its crazy that they were able to pull it off.
     
  3. jonKranked

    jonKranked Press Button, Receive Stupid

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    class war baby
     
  4. $tinkle

    $tinkle Expert on blowing

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    this is what i love about being a conservative minimalist: my contentment keeps me from being on either side of the equation.
     
  5. dante

    dante Unabomber

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    JHMFC......

    I've read news stories (can't find them) on the end-buyer of these, anyone from school districts in Norway (Sweden?) to teacher's funds in WI, who invested in these "safe" securities and watched their investments go to zero... very, very interesting to see the other side of the sale, the development of these products whose sole purpose was to implode.
     
  6. $tinkle

    $tinkle Expert on blowing

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