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On Wall Street, Membership Has Its Privileges - Just Ask Deutsche
Bank -05/17/10 at 9:37
AM CDTby Judd Bagley
One of the great episodes of The Simpsons
follows Homer as he comes to realize that not all Springfield
citizens are treated equally. The difference, Homer eventually
discovers, is membership in a secret society known as the
Stonecutters. Once on the inside, Homer is delighted to find his
new affiliation subjects him to an enviable set of alternate
rules....
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John Paulson's "Greatest Trade Ever" - Something of a
Scam -01/20/10 at 10:34
PM CSTby Mark Mitchell
By now, everybody knows that the market for
collateralized debt obligations was riddled with fraud in the
lead-up to the financial crisis. What is less known is the fact
that hedge fund managers helped create and inflate the market for
these toxic securities specifically so that they could bet against
them and profit from the inevitable collapse. An examp...
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