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Aug 26 2008 7:32PM EDT

Extra Credit, Tuesday Edition

Trade of The Day: Buy Freddie Paper With Fed Leverage

Their loss is your gain, Part II - or - WaMu Deathwatch

Student Loan ABS: Do or do not! More bonds with high spreads and no credit risk.

Revealed: the art Damien Hirst failed to sell: Even if Hirst stops making his signature paintings, Jay Jopling's got enough inventory to last him a while.

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