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Australia's corporate collapses of the 1980s were devastating. The crashes of such former heroes as Alan Bond, John Spalvins and Christopher Skase had an impact that went beyond the stock exchanges and shook the entire banking and financial system. This text asks, "How did it all happen?," and "Will it happen again?". Trevor Sykes, one of Australia's leading finance writers, analyzes the forces that drove the corporate cowboys on their giddy careers and traces the inner history of their empires.