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... door, demanding the repayment of matured debts, and the consequences were about to trigger a chain reaction. Murdoch, in addition to the nearly five hundred million US Dollars in short-term debt held by Tommy through a dozen or so Californian banks, had nearly four billion US Dollars in debts held by over a hundred other banks, most of which were short-term debts. It was a major blunder committed by Murdoch out of greed, as he had hoped to convert these short-term debts into long-term ones when ...
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