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Bill Cohan

Free Fab! Then Go After Fuld and Cayne and O'Neal.

Like it or not, the Abacus deal was really no differently constructed than any other synthetic CDO manufactured and sold during the last decade. 

So much for change we can believe in at Mary Jo White's Securities and Exchange Commission.

Instead of doing the obvious and right thing and terminating the wholly gratuitous prosecution of the Fabrice "Fabulous Fab" Tourre -- which begins this morning in a Manhattan federal court -- White is trying to make Tourre the poster child for the financial crisis of 2008. This could not be further from the truth.