Understanding the Magnetar Trade

This Magnetar story by ProPublica’s Jesse Eisinger and Jake Bernstein-that went online at the bizarre time of Friday afternoon-is more in-depth than someone as poorly versed in the subject matter as I would need it to be. But it does a good job of showing how, in the years leading up to the recession, some smart and perhaps ethically flexible people got very rich quick by knowingly contributing to misery for so many others-all absolutely within a legal framework, it seems, which is maybe the worst part of it.