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Will Lehman Go The Way of Bear Stearns?

By Gordon Smith, Christine, Hurt, Vic Fleischer, Fred Tung, Lisa Fairfax, David Zaring

Jonathan Weil expresses some confusion about Lehman's latest survival strategy; I'm keeping my eye on how the Fed and the SEC are going to divvy up the oversight responsibilities if this thing goes south, and meanwhile Henry Paulson has told the British that he's trying to figure out how to allow big financial firms to fail.  Here's Weil:So let's say you're a big shot at Lehman Brothers Holdings Inc., trying to keep your firm from becoming the next Bear Stearns Cos. The stock has tanked. Th read more

Full post as published by Conglomerate on July 03, 2008 (boomark / email).