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ProPublica: A Crib Sheet on Wall Street’s Self-Dealing Money Machine.

“… there was still a lot of money to be made if they kept the CDO market going. So they found a way to do so — artificially. They created fake demand.” CDO’s bought CDO’s. No wonder there was such a huge cascade, falling-house-of-cards effect.

08/27/10 • 01:49 PM • Economics • History • Home & Living • No Comments

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