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IPFS News Link • Economy - Economics USA

Those lucrative interest-rate hedges

11-09-2009 • Reuters

To put these numbers into perspective, a savings of 2.43 percentage points in one quarter amounts to $1.2 billion in saved interest costs on $203 billion. That's over 40% of its third-quarter earnings. (I'm speaking of Goldman Sachs)

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Reported By Jean Carbonneau

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