Magnetar Capital LLC told investors it never sought to bet on the decline of the subprime-mortgage market, and that it didn’t select or have control over the individual assets that went into deals that have since been called “built to fail.” The Evanston, Ill., hedge-fund group has been accused of making trades similar to those at the heart of the Securities and Exchange Commission’s civil case against Goldman Sachs Group Inc.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio