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Yet the crisis convinced Corzine and some others at Goldman that the firm needed to be able to tap the public capital markets so that it could withstand shocks in the future. Finally, on June 10, while visiting Russia, Attorney General John Ashcroft made the sensational announcement that Padilla had been plotting with al-Qaeda to detonate a

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Although earlier that day Bank of America had reported a 41 percent slide in second-quarter earnings, the results were far better than what Wall Street analysts had expected. More recently, some development economists have emphasized the need to complement infant industry protection with investments in building an economy

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