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        Subprime Lender New Century Financial Files For Bankruptcy | The Study of Economics

        IRVINE, CA - APRIL 2: The headquarters of The New Century Financial Corporation is seen April 2, 2007 in Irvine, California. The subprime lending company filed Chapter 11 papers with the federal bankruptcy court and listed liabilities totaling more than $100 million after a swell in homeowner defaults.

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