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The most exposed of all the investment banks

Appeared on March 18, 2008

"They were the most exposed of all the investment banks," said Joseph Mason, a finance professor at Drexel University. When weakening U.S. housing prices and the onerous terms of subprime mortgages began to trigger foreclosures, the damage was swift to investments linked to the risky loans.
[Syndicated Report on GlobeInvestor.com]