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THOUGHT FOR THE DAY!

"It's a hard decision, but we think the price ... is worth it."-- Secretary of State Madelaine Albright talking about Iraqi children starving and dying as a result of the US embargo of food and medicine

 

Traders' worst fears realised at Lehmans auction

Derivatives traders were yesterday nervously picking their way through the wreckage of the Lehman Brothers bankruptcy in what was the biggest test to date of the unregulated $60 trillion (£35.4 trillion) credit default swaps market.

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