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IPFS News Link • Economy - Economics USA

The $58 Trillion Elephant in the Room

10-17-2008 • Portfolio

The roots of this year's financial crisis go back to a small team of bankers at J.P. Morgan in New York. Now, their invention - credit derivaties - has helped bring down Wall Street and has left Morgan with its biggest exposure of all.

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Reported By Jean Carbonneau

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