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Editor's Comment: It's the PEP, stupid

Author: Alex Novarese

20 Nov 2008 | 05:50 | secure

There's a graph doing the rounds among some partners of Cadwalader Wickersham & Taft. It illustrates the fortunes of the asset-backed securities (ABS) market that until recently drove this thrusting, ultra-profitable New York shop: a steep 'hill' rises from 2001 until the mid-point of 2007, at which ...

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