That's been the most often repeated defense of those closest to the financial meltdown of 2008 - Who coulda known?
Ira Glass and 'This American Life' takes a closer look, and finds out about Magnetar - a giant Hedge fund that appears to have built risky CDO's and then bet (sorry, Hedged) against them. It's a fascinating story, and the goods come from the propublica website. So, for those of you who missed the story, here's a link.
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