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False Impressions
Old 09-21-2008, 02:29 PM   #15
Recycles dryer sheets
 
Join Date: May 2005
Posts: 268
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I think the point is that we are now learning that traders were manipulating the swaps to give the false impression that the swap prices were reflecting a problem with the bonds themselves.

These same traders had already shorted the bonds.

b.
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