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Fuld, the CEO of Lehman Brothers, the fourth largest company on Wall Street, along with his spouse, Kathy, remained allowed to be in Asia, regaling their billionaire consumers with huge dishes ofthali, heaps ofnaan, and palm wine.
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President Bush had came back to Washington after their message in ny and desired a briefing that is immediate Stearns Bear. These sectors tribal advance loan loans ordinarily take into account 1 / 3 of total jobs, and therefore brand new task creation had been disproportionately low wage by one factor of very nearly two to 1. If these smart White House insiders had a difficult time grasping the proposed program, just how would lawmakers as well as the public have it?
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Meantime, the ongoing business had been stillweighed straight straight down by significant market and credit dangers from the holdings of domestic home loan backed securities as well as the credit standard swaps it had written on domestic MBS.
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