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Text size [+][-]  Saturday November 21 2009GLOBAL EDITION

Considered view
22 Aug 2007 20:39

Hard act to follow

By Antony Currie
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That's because the Wall Street firm got into the mortgage business cheaply and early. So it’s not costing too much to throw in the towel. But others like Merrill Lynch and Cerberus shelled out a fair whack for their lending platforms. Scaling back would be much more painful.

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