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The idea is to get presence and scale, and pick up a lot of lesser-value sales, somewhat the way Google makes billions based on very small transactions.
FORBES: Microsoft? Big. Hard.
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So long-bond buyers in today's market run the risk of purchasing something that is extremely likely to lose value while gaining nothing or next to nothing in yield pick-up.
ECONOMIST: Buttonwood
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Goldman is accused of misleading investors because it allegedly didn't let investors know that a hedge fund which was betting that sub-prime mortgages would fall in value was helping to pick the securities that made up the portfolio.
FORBES: Commentary