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	<title><![CDATA[How Goldman Sachs Secretly Destroyed Bear Stearns]]></title>
	<url>http://www.huffingtonpost.com/henry-blodget/secret-of-bear-stearns-co_b_94599.html</url>
	<abstract><![CDATA[<p>News that Wall Street powerhouse Goldman Sachs (GS) is taking the rest of Wall Street to the cleaners is nothing new, but now comes word that Goldman played a direct role in the destruction of competitor Bear Stearns (BSC). According to <a href="http://money.cnn.com/2008/03/28/magazines/fortune/boyd_bear.fortune/index.htm"><em>Fortune</em>'s Roddy Boyd</a>, several days before the collapse, Goldman decided to stop backing up Bear Stearns derivatives deals -- and it announced this decision to hedge-fund clients in an email that was then forwarded around an increasingly panicked...</p>]]></abstract>
	<taxonomy><![CDATA[Business]]></taxonomy>
	<date_published>2008-04-10T05:12:00-04:00</date_published>
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