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2008-11-12 — ml-implode.com
"He follows analyst-turned-investor Steve Eisman, who long knew the structured finance machine on Wall Street was pumping out piles of dogshit securities to sell to investors. What Eisman could never figure out is why Wall Street would put themselves at such risk. The answer was they didn’t think they were at risk. They were selling off most of the toxic securities they manufactured. Or thought they were."
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