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During the financial downturn two years ago the firm formally known as JGW Holdco LLC and two of its subsidiaries, J.G. Wentworth LLC and J.G. Wentworth Inc., entered Chapter 11 bankruptcy protection after the company encountered liquidity problems in the midst of a tightening credit market. They laid off 120 of its 200 employees and closed its office in Las Vegas. But less than six months later they got a 100 million dollar investment and they were able to get rehire and rebuild again.

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Q: How was jg wentworth affected by the financial crisis of 2009?
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What is financial warfare?

Financial warfare is a concept that a nation can push its adversaries or mount an attack on the economy of enemy countries by using trade and investment instruments. In an article by Noah Shachtman 'US Could Use Crisis to Wage 'Financial Warfare' published on March 16, 2009, the writer says that "...a small group of academics and Pentagon policy-makers believe that the U.S. could benefit from the financial havoc. With economies around the world on edge, they argue, a weakened-but-still-gargantuan USA has new opportunities to pressure adversaries through the strategic application of market trades and bank transfers. They call their theory "financial warfare." In another example of the use of this phrase, a 2007 article by Paul Bracken, published on the Foreign Policy Research Institute website says that, "The U.S. is increasingly using financial warfare to punish international actors, blocking the overseas bank accounts of North Korean, Iranian, and Russian companies involved in illicit activities such as nuclear and conventional weapons proliferation. Attacking the funding of terrorist groups is a core strategy for dealing with this threat." See the related links below for more information.


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