Hedge fund Magnetar and Wall Street banks created $40 billion of deals. The emails show how they did it.
by Jesse Eisinger and Jake Bernstein:
"As ProPublica has been detailing for two years, Wall Street banks and the hedge fund Magnetar worked together to build mortgage-backed deals that the hedge fund also bet against. The more than $40 billion of deals helped fuel the crash of 2008.
"Now, recently collected emails from bankers and a Magnetar executive involved in some of the deals appear to shed new light on how they did it. ..."
hat tip to http://www.twitter.com/mikecane