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Bloomberg-Clip – (BLOOM-Clip)
Jun. 25, 2007. 06:00 AM EST
Nine years ago Bear Sterns refused to join 14 other investment bank in the ballot of long term capital management. then last week, Bear Stearns pleaded for help. Many of the same firms refused to come to its aid.
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Tags: Bear Stearns, Collateralized Debt Obligation (CDO), Credit Deterioration
