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Diamondback Goes Down

Thursday, 6 Dec 2012 | 9:24 AM ET

Frankly, a lot of people were amazed it took this long for Diamondback to fold. Even some of their own employees thought the game was up back when the government raided their offices in 2010.

Faber Report: Diamondback Winding Down
CNBC's David Faber discusses Diamondback Capital Management's letter to investors about the suspension of its December 31 redemptions.

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