The Year of Living Dangerously

- WatersTechnology Staff
- 01 Dec 2008

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The year got off to a slow and steady start, but started to go pear-shaped on March 17, when Bear Stearns collapsed and everyone scrambled to learn a new lexicon. Even those who had never read the business pages began to speak about the mortgage crisis, liar loans, bailouts and moral hazard. Summer arrived, and temperatures heated up along with the US presidential campaigns and gas prices.

And then came September.

Over the course of a few weekends this autumn, Wall Street giants stumbled and

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