Deutsche Analyst Asked to Alter CDO Models, Blew Whistle

by Carrick Mollenkamp, Special to ProPublica Jan. 19, 2012, 9:04 a.m.

At a time when mortgage-backed securities were imploding and customers were fleeing the market, a junior analyst at Deutsche Bank AG protested when he was asked to alter the numbers in a spreadsheet to make a Deutsche security look less risky to ratings agencies, according to a person with knowledge of the matter.

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