Archive - Illinois
E-mails Give Glimpse of How Magnetar Worked
E-mails with business partners suggest Magnetar's clout: The firm was involved at the start of deals and pushed for riskier bonds to be included in CDOs. One deal fell apart partly because of Ischus Capital Management's unease with pressure from Magnetar.
The Magnetar Trade: How One Hedge Fund Helped Keep the Bubble Going
The hedge fund Magnetar helped create mortgage-based securities, pushed for risky things to go inside them and then bet against the investments, resulting in billions in losses for investors and ultimately making the financial crisis worse. It’s a story of the perverse incentives and reckless behavior that characterized the last days of the boom.
The Magnetar Trade: How One Hedge Fund Helped Keep the Bubble Going
The hedge fund helped create mortgage-based securities, pushed for risky things to go inside them and then bet against the investments, resulting in billions in losses for investors and ultimately making the financial crisis worse. It’s a story of the perverse incentives and reckless behavior that characterized the last days of the boom.
Fannie Execs Blame Failure on Company's 'Impossible' Dual Purpose
Taking their turns before the Financial Crisis commission, executives from Fannie Mae said the hybrid nature of the company -- government chartered but stockholder owned -- and the mandate to make loans to increase home ownership were primary factors in its failure.
Graphic: The Timeline of Magnetar's Deals
How did Magnetar's deals in subprime mortgage securities compare to the overall market's?
Off the Radar: Private Planes Hidden From Public View
ProPublica has obtained a list of private planes whose flights are blocked from public tracking sites, and among them are the planes of politicians, business executives, colleges, churches and even news organizations.
Citi Execs: "Deeply Sorry," but Don't Blame Us
Chuck Prince and Robert Rubin, two leaders of Citigroup during the financial meltdown, told an investigations committee that they were sorry for the company's role in the financial crisis, but that they didn't see it coming.
Citigroup's Defense of Its Regulators
Chuck Prince, Citigroup's former CEO, told the Financial Crisis Inquiry Commission that the Fed's oversight of the company was sufficient, even though a panel's study showed that Fed regulators didn't regulate Citi enough.
The Call Geithner Didn’t Make While His New York Fed Watched Over Citigroup
A 2005 report by other Federal Reserve banks found that the New York Fed did not have the resources to supervise Citigroup. But Alan Greenspan, who was the Fed chairman at the time, says that Timothy Geithner never called to ask for more.
