Tuesday, December 4th, 2007...5:50 am
Sub-Prime Surprise
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Each day, the sub-prime lending miscalculation is looking more and more like a repeat of the dot.com meltdown. First, the fringe companies fall. Then a few name brand companies are claimed. Finally, the blue chips take their hit. I’ve updated the Citigroup contracts to include the Charles Prince’s Severance Agreement.
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