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www.guardian.co.uk/...creditcrunch.banking - Cached
This link has been bookmarked by 1 people . It was first bookmarked on 07 Oct 2008, by Dennis Howlett.
Many of the distressed companies have been on a diet of toxic debts, off balance sheet accounting, dubious asset values and questionable business models. Yet the auditors did not notice any of the red flags.
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