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Deadbeat Worries Haunt Fund Managers

Stock quotes in this article: MER , AAPL  

BOSTON -- Just how close did we come to systemwide meltdown?

Fresh news from Merrill Lynch(MER Quote) gives an alarming hint -- and suggests just how vulnerable market sentiment remains.

Two words leap out of the investment bank's latest monthly survey of fund managers around the world: "counterparty risk."

That's supposed to be Wild West stuff -- the fear that the other poker players can't cover their bets, or might fail to pay up if they lose. ...

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