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“together with his wife… who is a student of Jewish religious traditions, Mr. Cayne has spent considerable time searching for comparable events in religious history to see what lessons can be learned from the collapse of his firm, said a person who has spoken to him recently.”
Oh yes, that episode where the money changers in the temple leveraged their business up 40-to-1 and then went bankrupt, but got bailed out by a loan from the Roman citizenry of 29 billion pieces of silver, comes immediately to mind.
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Marc Andreessen on Bear Stearns CEO getting a $60M direct cash transfer from the U.S. gov’t.
This is so much worse than Dennis Kozlowski, etc
