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New York Community Bancorp s bailout shows that, just like Arch Wireless of yesteryear, secular change and debt can be a destructive combination.

New yorkUnited statesSteven mnuchinSteve mnuchinStuartc gilsonHarvard business schoolYork community bancorp incSilicon valley bankArch wireless incYork community bancorpYork community bancorp achillesProfessor stuartValue through corporateArch wirelessNew york community bancorpSecretary steven