Financial Reform: Who’s the Fox in the Henhouse?

Revolving door: Capitol Hill to hedge funds Check out today’s post on Politico. The author asserts that financial reform is uneven, that pending Congressional legislation has modest impact on hedge funds. Wall Street has taken its lumps in Washington recently...

The Magnetar Trade: Trojan Horse from a Hedge Fund

What happens when it’s insanely profitable to lose money? Huh? Last Friday, ProPublica described how one hedge fund—Magnetar—invested in the toxic waste from sub-prime mortgages no one wanted. And it made wads of money. The story is long but well worth your...