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Continue to ChatThe dirty little secret of what used to be known as Wall Street securities firms-Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers, and Bear Stearns-was that every one of them funded their business in this way to varying degress, and every one of them was always just twenty-four hours away from a funding crisis. The key to day-to-day survival was the skill with which Wall Street executives managed their firms' ongoing reputation in the marketplace. - William D. Cohan from https://whatsmyquote.com/quote/the-dirty-little-secret-of-what-used-to-be-known-as-wall-street-securities-firms-goldman-sachs-morgan-stanley