This new wave is going to leave fixed income paper, currently not much better than zero coupon bonds out in the cold.
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Such lawsuits have been expected for months, ever since a wave of partners began to leave the firm amid disputes over compensation and concerns about its financial condition.
WSJ: Dewey's Ex-Leaders Accused of 'Ponzi Scheme'
Maybe it will leave the world on a wave of modernist, free-market reform.
FORBES: Jim Grant's Modest Proposal: Outsource The Fed
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