Max Bialystock, Eat Your Heart Out

ProPublica, the non-profit investigative reporting group run by a gaggle of impeccably credentialed refugees from print journalism, has a fascinating, jargon-free piece [Download Here] on the Magnetar hedge fund. Seems that Magnetar pulled …

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Litan on Financial Innovation

Robert Litan’s working paper on what financial innovation hath wrought is a must read. [Download Here] He set out to determine whether the radical changes in the way financial markets function over the past half-century deserve the bad rap …

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