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Betting against the American dream

Consumer demand, Financial Events, Leverage
By Paul Hodges on 26-Apr-2010

US dream Apr10.pngThe political firestorm inspired by the SEC’s citing of Goldman Sachs for fraud shows no sign of dying down. It has even inspired a Broadway song that describes how another hedge fund, Magnetar, allegedly made money out of betting against the housing securities it helped to create. Click here to see it (the video is at the bottom of the webpage link).