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Mon 03 Mar 2008Risky business
FINANCE:Why did one of Germany's smallest banks - Sachsen LB, based in Dublin - go to its financial grave owing several billion euro?
German dramatist Bertolt Brecht once observed that "robbing a bank's no crime compared to founding one". That is a fair summary of the issue at stake in the airless committee room of the Saxon state parliament in Dresden. For weeks, state politicians have met here behind closed glass doors, performing a political postmortem on Sachsen LB.
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