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And as in a Vegas casino, a miasma of cigarette smoke everywhere hung. To Paulson, as depressed as he was exhausted, it was just the latest reminder of the uphill battle he faced in getting his legislation approved. Even after it should have recognized an obvious danger signal when it was no longer able to hedge its bets with insurance from AIG, Merrill churned out nearly $44 billion worth of CDOs that year, three times the total of the previous year. After college, Geithner attended the Johns Hopkins School of Advanced International Studies, where he graduated with a master
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We have talked to Secretary Paulson and the Treasury. Two weeks earlier, his younger brother, Evan, had been promoted to executive vice president, his third promotion in less than sixteen months, establishing him as a rival to Jeffrey. That night, Bart McDade forwarded Fuld an e-mail from a trader with more speculation about where the negative rumors were from coming.
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