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2012-08-06 — propublica.org
As ProPublica has been detailing for two years, Wall Street banks and the hedge fund Magnetar worked together to build mortgage-backed deals that the hedge fund also bet against. The more than $40 billion of deals helped fuel the crash of 2008.
Now, recently collected emails from bankers and a Magnetar executive involved in some of the deals appear to shed new light on how they did it.
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