[JerseyHighlander]

Rahm Emanuel’s close friends who run Magnetar Capital packaged and sold between 30 and 60% of all CDO’s in the boom years of 2005 to 2007, and they purposefully packaged tham ALL to fail.

Yet Magnetar Capital and Rahm Emanuel have been NOT ONCE mentioned in the LSM over the largest destruction of private household wealth in the history of the country.

http://www.nakedcapitalism.com/2010/04/rahm-emanuel-and-magnetar-capital-the-definition-of-compromised.html

[Roccus]

There’s a sharp rise in AIG stock price going on right now. Could (hope of) proof of fraud at GS and other houses be causing this?

[TopQuark]

"Yet Magnetar Capital and Rahm Emanuel have been NOT ONCE mentioned in the LSM over the largest destruction of private household wealth in the history of the country."

How does packaging financial instruments destroy wealth? Could you kindly tell me the name of the professor who told you this nonsense in school?

Strange: you are familiar with Magnetar and yet make statements that would make you flunk a course in basic economics.

[penelopesire]

Very interesting stuff.

“While these transactions may sound similar to the widely decried Goldman synthetic CDO program, Abacus, by which the firm went short various real estate exposures, effectively dumping the risk on customers, the Magnetar program was not only much larger, but also produced far more devastating systemic consequences, thanks to the distinctive structure of its CDOs.”