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| Topic: |
History
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| Number of pages / Number of words: |
8 / 2146 |
Essay's paper body
This is not surprising at all given the extreme profitability of these firms over the past few years. They used this extra leverage to make enormous sums of money, but in the end it appears to have been too risky.
Now let’s take a look at who was given this special exemption (quoted from the Big Picture):
1...
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They used this extra leverage to make enormous sums of money, but in the end it appears to have been too risky.
Now let’s take a look at who was given this special exemption (quoted from the Big Picture):
1. Bear Stearns (failed and bought) - Big surprise here. Who would have thought the first major financial house to go under was doing something foolish...
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