Rabobank: Merrill Committed Similar Fraud to Goldman With a Magnetar-Sponsored CDO

"The Wall Street Journal reports that Dutch bank Rabobank has filed a suit alleging that Merrill Lynch engaged in teh same type of behavior as Goldman did with John Paulson, namely, devising a CDO on behalf of a hedge fund who was using it to take a short position, and not disclosing that fact to investors in teh deal."