Auction-Rate Collapse Costs Taxpayers $1.65 Billion

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Date Added: May 17, 2008 12:32:01 AM

May 16 (Bloomberg) -- In 2003, the Culinary Institute of America outgrew a former Jesuit seminary building on its Hyde Park, New York, campus. So it asked Edward Shapoff , a Goldman Sachs Group Inc. banker on its finance committee, for advice on borrowing to pay for new housing and parking.

Category: Business & Economy » Finance and Investment » Mortgages

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