It sometimes seems that the world of finance is nothing but a series of opaque ruses designed to exemplify the expression mutton dressed up as lamb. However, after 18 months of bursting internet bubbles, crises at former corporate darlings such as Xerox, Lucent Technologies and Enron, and a belated admission from the Federal Reserve that a nine-month-old recession undermines its hopes for a soft landing, a deal comes along to redress some of the balance.
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