Why Me? Oh, God, Why Me?
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On March 7th, 2008, investment banker and arbitrager David Calumny was sitting in his office at Bear Stearns & Co. when he received a panicky phone call from a colleague. Word had reached New York that a seam of apparently inexhaustible bauxite in a Chilean mine near Valparaiso had in fact turned out to be nearly played out--and frightened investors had begun bailing on the company, sending shock waves throughout the bauxite financials community. Within minutes of the first reports, the NYSE...more