As recanted on Monday the Magnetar trade is coming back into focus in the wake of the Goldman Sachs fraud charge. The Magnetar trade, of course, is the same trade as the Goldman Sachs/Paulson trade but done with nine other banks! In a WSJ article out late yesterdays, Magnetar apparently told its investors this week that it based its mortgage_CDO strategy on a statistical model; not a fundamental belief that the housing market was about to tank. I can’t really say anymore than that otherwise I might get sued!