March 4, 2008

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Goldman Sachs, along with J. P. Morgan, Deutsche Bank, Citadel Investment Group, and others, is funding a shadowy, nameless consortium that will not even disclose who, if anyone, is running it. I guess in a world where subprimes aren't an easy short and LBOs can't raise $20 billion overnight, they have to be sinister on a smaller budget.

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