In essence, the exchange's members were hoodwinked into lining Grasso's pockets in the form of fees.

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Artery walls are damaged by chemicals from tobacco smoke which make holes in the wall lining, and damage LDL, the "bad" form of cholesterol.

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The silver lining is that there will be a need for market-makers, no matter what form they take, and the specialist firms are already positioned.

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