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Then, the focus shifted to Long-Term. Corzine said the partners were expendable. “We don’t need these guys; they created this mess,” Corzine said. No one exactly sympathized with Meriwether, but Allen Wheat of Credit Suisse First Boston said it would be a mistake to fire him. If the Street invested all this money in the fund, they would need someone to run it. And the guys
When Genius Failed: The Rise and Fall of Long-Term Capital Management
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