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The Return of Lee Munson

Ten years ago, a young, swaggering stock broker was plied with alcohol by a New York Observer reporter at the peak of the market madness and the apex of his confidence.

Le TARP

If you’ve been paying attention, you’ve heard for nigh on three months about how the ECB did not want to “act like the Federal Reserve” and become the “lender of last resort” to the Euro Zone banks.  You’ve heard how it is not in the ECB’s mandate to do so and how the 17 different…