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State Action on Lehman

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

The WaPo reports that the impending disappearance of Lehman Brothers will, in fact, be managed by federal regulators.  Betwixt two conferences and writing this on a train, I'd opine more, but: once again, it is the Fed, more than the SEC, that appears to be taking the lead here ... though the authority it has to facilitate investment bank takeunders - remember, it doesn't supervise them - is unclear The SEC does have its flacks on the scene, though, even if the commission isn't engineerin read more

Full post as published by Conglomerate on September 12, 2008 (boomark / email).