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Friday, March 15, 2013

MCPS No Bid Buddy Fined

Deutsche Bank gets to handle a lot of MCPS cash.  But the BOE never discusses their multimillion dollar continuing relationship with Deutsche Bank.  It's another no bid pal of the BOE. Here's today's news:

Yet Another Bank Fined for a Magnetar Deal, With Yet More Revealing Emails
Deutsche Bank is the latest financial institution to be fined for not warning investors about the role of the hedge fund Magnetar in creating complex mortgage-backed deals that later failed.

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