SEC Only Now Investigating CDOs Created At Deutsche Bank

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Der Spiegel reports that the US Securities and Exchange Commission is investigating Deutsche Bank. According to financial regulatory sources, the bank launched one CDO transaction called 'START' in which it allegedly allowed the hedge fund of US speculator John Paulson to choose junk mortgage securities against which he could speculate -- without the other investors knowing about it. Goldman Sachs settled a suit with the SEC in a similar case for $550 million.

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