• 12 Apr 2010 at 10:45 AM

The Magnetar Song

By

If the lengthy story in ProPublica wasn’t enough, Magnetar Capital now has to deal with a show tune created about its infamous trade called “Bet Against the American Dream.”

The song, written by the guys from Avenue Q, the Tony award-winning musical, was played during a broadcast of This American Life, the popular NPR radio show hosted by Ira Glass. NPR teamed up with ProPublica, which broke the story, for a show on Saturday focused on the hedge fund.

Bet Against The American Dream from Planet Money on Vimeo.

A Show Tune About A Hedge Fund: ‘Bet Against The American Dream‘ [NPR]

Comments (16)

  1. 1
    Posted by Anonymous | April 12, 2010 at 10:55 AM

    Zach, Dont make the same mistake that got Yael fired. When Bess posts a fun story like the CSFB bullpen debacle, DO NOT FOLLOW UP WITH A BORING POST NOT 5 MINUTES LATER! Leave time for the commentary to be exhausted on Bess’ post.

    Thanks hun,

    Mom

  2. 2
    Posted by Anonymous | April 12, 2010 at 10:56 AM

    I didn’t know Barney Frank could sing.

  3. 3
    Posted by Anonymous | April 12, 2010 at 10:58 AM

    Does Kouwe sound anything like yelling soooooWEEEEE when calling hogs on a farm?

  4. 4
    Posted by Anonymous | April 12, 2010 at 11:05 AM

    http://online.wsj.com/article/SB119871820846351717.html?mod=hpp_us_pageone

    Only 3 years too late but whatever.

  5. 5
    Posted by Anonymous | April 12, 2010 at 11:47 AM

    Shut the fuck up, Kouwe

  6. 6
    Posted by volatilitysmile | April 12, 2010 at 12:13 PM

    @ Kouwe: I give you the benefit of the doubt as you seem to have more brains that the ETF-fan (a fiasco-waiting-to-happen-anywhere-he-is).

    There MUST be something (funny) happening on CNBC/FOX – a hint: cleave is always exhausting, and never exhausted. Three funny tags, one skin tag = more views than magnetar. Back-up plan: the Double Cs vs. the Druries, discuss – open-ended questions titillate discussions. Bring back the turtle cam, whatever.

    This shit is lame, and three years too late.

  7. 7
    Posted by anon | April 12, 2010 at 12:33 PM

    Boring.

  8. 8
    Posted by Anonymous | April 12, 2010 at 12:56 PM

    Zach -
    You blow.
    Barney F.

  9. 9
    Posted by Mark D | April 12, 2010 at 1:49 PM

    Even Courtney at Clusterstock wrote a better post than this.
    Just shows you are good at one thing. Copycat reporting without adding any new news.

  10. 10
    Posted by Anonymous | April 12, 2010 at 2:02 PM

    Get off the Magnetar thing. Trying to sensationalize it and make it more than it is unfunny and disingenuous.

  11. 11
    Posted by Anonymous | April 12, 2010 at 4:42 PM

    Zach,

    This is not the NYT. No one here gives a shit what NPR thinks. No one here thinks there is anything intrinsically wrong with profiting greatly off someone else’s misery/stupidity/unrealistic hopes and dreams. Everyone here thinks Gordon Gekko is a hero rather than a villain. Moral outrage gets you nowhere, unless it’s getting outraged over getting shafted come bonustime. If you want to have any shot around here, you’ve got to leave W 43rd mentally, too.

  12. 12
    Posted by Anonymous | April 12, 2010 at 8:17 PM

    “If the lengthy story in ProPublica wasn’t enough” What the fuck is ProPublica? Clearly a story on something no one has ever heard if is not, in fact, enough. And a faggoty song on public radio still hasn’t made anything about this worthy of note.

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