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Sunday, December 30, 2007

Liar Poker

Laurence Fink, who helped create the market for mortgage-backed securities, said the credit losses that have already cost banks and securities firms $45 billion are about to get worse.BlackRock's Fink Sees More Bank Credit Losses; Goldman Bets Against CDOs

posted by Jerry "Jet" Whittaker at 3:45 AM

 

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