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December 2003

A cut-throat business

by Mark Brown




The culture of corporate bonding has taken hold in the UK. Off-sites, golf tournaments, tank-driving weekends, group hugs - they're all about learning to love your co-workers, and in doing so make your office a more harmonious, and profitable, place.

So perhaps Commerzbank Securities should be applauded for trying something different....


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Fannie Mae and Freddie Mac are too big to fail by an order of magnitude, in terms of the contingent liability to the federal government.

Thomas Stanton, a Washington attorney who once worked for Fannie Mae. From the archive: Freddie and Fannie arent sovereign, July 1999

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