Author: JT Smith
The repercussions of the credit crunch have continued to occupy headline news in recent weeks. We have witnessed the demise of Lehman Brothers and Washington Mutual, the rescue of AIG, Fannie Mae and Freddie Mac, the sale of Merrill Lynch, the proposed merger of Lloyds TSB and HBOS (which would never have been permitted under normal circumstances), and the list goes on.
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