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History lesson

19 June 2007 By Antony Currie

The margindriven selling that gutted Meriwether s fund now threatens Bear s. But its lenders have skirted the brink for now. Rather than ignite a subprime fire sale that could engulf them too, its banks may have learned the lessons of 1998. The margindriven selling that gutted Meriwether s fund now threatens Bear s. Its lenders have it teetering on the brink. Rather than ignite a subprime fire sale that could engulf them too, its banks should learn the lessons of 1998.

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