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negative retained earnings

Clarence’s Verdict

“It’s a Wonderful (Corporate) Life” . . . Not Banks have never made money in the history of banking, losing the equivalent of all their past profits periodically. –Nassim Nicholas Taleb, “How Bank Bonuses Let Us All Down” (2/24/09)G.M. has become a giant wealth-destruction machine ” possibly the biggest in history. –Thomas Friedman, “Start Up...
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