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Ex-programmer dismayed by Wall Street creation

As Michael Osinski hauls in heavy metal cages from Peconic Bay, he's the picture of an East End oysterman in his waders and a weather-beaten hat. But a few steps away, inside his home office, is a bulky old computer that tells the story of Osinski's previous life.

It's the computer he used while working on Wall Street, writing a program that allowed home mortgages to be bundled and sold as...

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