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Street Foresees Very Good Year

Amid chaos, $28B in earnings marks the second best in history

By Jim O'Neill,  Newser User

Posted Nov 13, 2007 12:44 PM CST

(Newser) – Despite $45 billion in subprime writedowns, rolling CEO heads, and an $84 billion drop in market value, Wall Street will somehow post its second-most-profitable year ever, reports Bloomberg. “As the bombs are dropping and the mines are exploding, it's a bit of a surprise,...   Read full story »

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