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1-2 paragraph explanation please 4. (10 points) Consider a top executive at one of the investment banking firms (Goldman, Morgan Stanley, Bear Stearns, Lehman, etc.)

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4. (10 points) Consider a top executive at one of the investment banking firms (Goldman, Morgan Stanley, Bear Stearns, Lehman, etc.) during the period 2005-2007. These people are already incredibly rich. Why would they make a bet that could take down the firm for money they do not need? Were they simply motivated by greed? Did they not understand the underlying risks? Explain

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