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Question
Why did banks lower their lending standards in financing LBOs in 2006 and early 2007? How did the lax standards contribute to their inability to sell the loans to investors? How did the inability to sell the loans once made curtail their future lending?
Answer
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Related questions
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Which of the following is not typically true of post-closing evaluation of an acquisition?
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c. It is an opportunity to learn from mistakes
d. It is commonly done
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