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If Lehman collapses expect a run on all of the other broker dealers and the collapse of the shadow banking system - Nouriel Roubini's Global EconoMonitorIt is now clear that we are again – as we were in mid- March at the time of the Bear Stearns collapse – an epsilon away from a generalized run on most of the shadow banking system, especially the other major independent broker dealers (Lehman, Merrill Lynch, Morgan Stanley, Goldman Sachs). If ...
Giorgio Bertini
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15 months ago