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I have to say this week's news highlighting the trials and tribulations facing American Apparel have been painful for me. Talk of SEC investigations, plummeting stocks, accounting firm walkouts and not enough liquidity to get through the next 12 months, seems to me that the odds are high that even the eccentric-hipster-that-makes-you-go-hmm, Dov Charney, won't be able to wiggle his way out of this one. To tell you the truth, the whole thing is making me depressed.
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