Home › Forums › Financial Markets/Economics › The Magnetar Trade:How One Hedge Fund Helped Keep the Housing Bubble Going
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ucodegen.
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April 21, 2010 at 8:00 PM #17372April 21, 2010 at 11:30 PM #541864
scaredyclassic
Participanthilarious. I’ve had a change of heart. it’s not depressing or angering. it’s just comedy. thi is a silly, silly land, with silly silly people. We’re like Dr. Seuss characters. none of this is real. it’s all silliness.
April 21, 2010 at 11:30 PM #541976scaredyclassic
Participanthilarious. I’ve had a change of heart. it’s not depressing or angering. it’s just comedy. thi is a silly, silly land, with silly silly people. We’re like Dr. Seuss characters. none of this is real. it’s all silliness.
April 21, 2010 at 11:30 PM #542443scaredyclassic
Participanthilarious. I’ve had a change of heart. it’s not depressing or angering. it’s just comedy. thi is a silly, silly land, with silly silly people. We’re like Dr. Seuss characters. none of this is real. it’s all silliness.
April 21, 2010 at 11:30 PM #542535scaredyclassic
Participanthilarious. I’ve had a change of heart. it’s not depressing or angering. it’s just comedy. thi is a silly, silly land, with silly silly people. We’re like Dr. Seuss characters. none of this is real. it’s all silliness.
April 21, 2010 at 11:30 PM #542812scaredyclassic
Participanthilarious. I’ve had a change of heart. it’s not depressing or angering. it’s just comedy. thi is a silly, silly land, with silly silly people. We’re like Dr. Seuss characters. none of this is real. it’s all silliness.
April 23, 2010 at 9:12 AM #542854briansd1
GuestVery interesting thanks for posting.
April 23, 2010 at 9:12 AM #542969briansd1
GuestVery interesting thanks for posting.
April 23, 2010 at 9:12 AM #543446briansd1
GuestVery interesting thanks for posting.
April 23, 2010 at 9:12 AM #543536briansd1
GuestVery interesting thanks for posting.
April 23, 2010 at 9:12 AM #543811briansd1
GuestVery interesting thanks for posting.
April 23, 2010 at 11:40 AM #542963ucodegen
ParticipantThe article fails to indicate who underwrote the CDSs for the CDOs that Magnetar created. If the underwriter of the CDSs decided to charge a lot for the underwriting or refused to underwrite the trash, Magnetar would have imploded from the crap they created.
FYI:
The way you bet against a basket of mortgages is to form a CDO of them and then to take out a CDS on the basket as well. The CDS insures against the default. After you have the CDS, you sell off the CDO, retaining the CDS.CDS = Credit Default Swap.
CDO = Collateralized Debt Obligation.A CDS is like a ‘put’ on the value of the CDO – or an insurance policy against the loss in principal.
April 23, 2010 at 11:40 AM #543078ucodegen
ParticipantThe article fails to indicate who underwrote the CDSs for the CDOs that Magnetar created. If the underwriter of the CDSs decided to charge a lot for the underwriting or refused to underwrite the trash, Magnetar would have imploded from the crap they created.
FYI:
The way you bet against a basket of mortgages is to form a CDO of them and then to take out a CDS on the basket as well. The CDS insures against the default. After you have the CDS, you sell off the CDO, retaining the CDS.CDS = Credit Default Swap.
CDO = Collateralized Debt Obligation.A CDS is like a ‘put’ on the value of the CDO – or an insurance policy against the loss in principal.
April 23, 2010 at 11:40 AM #543554ucodegen
ParticipantThe article fails to indicate who underwrote the CDSs for the CDOs that Magnetar created. If the underwriter of the CDSs decided to charge a lot for the underwriting or refused to underwrite the trash, Magnetar would have imploded from the crap they created.
FYI:
The way you bet against a basket of mortgages is to form a CDO of them and then to take out a CDS on the basket as well. The CDS insures against the default. After you have the CDS, you sell off the CDO, retaining the CDS.CDS = Credit Default Swap.
CDO = Collateralized Debt Obligation.A CDS is like a ‘put’ on the value of the CDO – or an insurance policy against the loss in principal.
April 23, 2010 at 11:40 AM #543646ucodegen
ParticipantThe article fails to indicate who underwrote the CDSs for the CDOs that Magnetar created. If the underwriter of the CDSs decided to charge a lot for the underwriting or refused to underwrite the trash, Magnetar would have imploded from the crap they created.
FYI:
The way you bet against a basket of mortgages is to form a CDO of them and then to take out a CDS on the basket as well. The CDS insures against the default. After you have the CDS, you sell off the CDO, retaining the CDS.CDS = Credit Default Swap.
CDO = Collateralized Debt Obligation.A CDS is like a ‘put’ on the value of the CDO – or an insurance policy against the loss in principal.
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