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What I Learned In 2020 - John Hempton
The Joe Walker Podcast
The Second Denoument of the Banking Sector
The second denoument was mostly in telecos, where the sector was completely and utterly riddled by fraud. If you were a teleco and you weren't faking your accounts, then Worldcom would buy you. And at the end of that bubble, the whole banking sector was run by madmen.
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