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SEC Investigating Deal Between JPMorgan and Hedge Fund Magnetar

November 2nd, 2010

From Pro Publica:

“Magnetar often purchased the riskiest portion of CDOs, enabling the banks to complete the deals. Magnetar also frequently bet against those same CDOs, using side bets. Magnetar’s purchases ultimately spawned at least $40 billion worth of risky CDOs in 2006 and 2007.”

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