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Asset Manager’s Insurers Dogged by Fraud at 777 Partners

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Source: WSJ.com: Markets

Insurance holding company A-CAP funded investment firm 777 before its collapse, leaving insurer balance sheets with illiquid bets that have drawn regulators’ attention.

This excerpt comes from the named source. Read the original for the full reporting.

Read the original at WSJ.com: Markets

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Common Quandary

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Your friend is forty minutes late. Can the restaurant give away their chair?

A busy restaurant seats your group only after everyone arrives. One friend is forty minutes late and keeps texting that they are almost there. A couple waiting nearby could use the empty place, and the server asks your group to order without them.

How long should one person's delay control everyone else's evening?

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