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And they had $180 billion in the bank. The situation today is different.
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Operational risk management is complicated due to the increased reliance on technology, weak internal controls, lack of corporate ethics, low professionalism. But whatever might be said about bankers Buffett told him payday loan new orleans cash loans in palm springs that before he went down that path, he had some ideas about how to make a program to buy up toxic assets work that he would put in a letter, which he said would spell out both the problems with the current plan and a solution. Even if he did want to seek a higher number, Paulson told the president,
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