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The reason for this is that in order to do the IPO the company has prepared a great big fat document which the SEC has to review and approve.
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The regulators failed to regulate the economy that is why you had a crisis and when you had crisis then they had to keep the financial institutions alive in order to prevent the total big round and this creates what is called a moral hazard which allows the financial institutions to indulge in excessive lending and excessive profits and excessive stimulation.
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Given their economies of scale, this is somewhat surprising, though Shenzhen Scope may have simply been more willing to slash its margins in order to land a big order.
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