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Lehman Looks for a Buyer, Feds Helping
By
Jen Chung
Published Sep 11, 2008
Modified Sep 11, 2008
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By
Jen Chung
Published Sep 11, 2008
Modified Sep 11, 2008
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The headline from CNBC: Lehman Unlikely to Remain Independent Much Longer. The headline from Washington Post: U.S. Government to Assist in Sale of Lehman Brothers ("Treasury Department and Federal Reserve to help investment bank put itself up for sale. Sources familiar with matter say purchase is expected to be announced this weekend."). Subheadline from the Wall Street Journal: Bank of America is Among Interested But Seeks Assurances. Lehman's shares dropped 45% in today's trading.
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business
economy
lehman brothers
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
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Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
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