Sunday, September 14, 2008

The imminent demise of Lehman Brothers

Yesterday I put up a post about the negotiations for Lehman Brothers. One of my remarks was
a safe guess would be they discussed which player got which juicy plum from Lehman and how the gov't would be stuck with Lehman's pile of shit.
Today the NY Times has a story about how the leading contenders for LB are bowing out because the Feds are refusing to take on the shitpile at taxpayers expense.

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