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Jim Chanos – Financial Frauds and Manias: Past, Present, Future (EP.02)

Infinite Loops

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The Bearsterns Crisis - What Happened to the Market?

The first six months of o seven was an interesting period because you had a series of things below the surface, or not being widely disseminated, that were blowing up. And yet, everybody on the street was doing exactly the same thing. You do realize that when you put this much leverage on ill liquid instruments, it's not if bad things are going to happen, it's when bad things are happening.

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