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Is Lehman Brothers on the block, out of cash or both?



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Weekend meetings with executives when rumors of balance sheet problems have been flying is never a good sign. More consolidation in an already heavily concentrated market is hardly a good sign for our so-called free market but of course, nobody forced Lehman to make stupid and risky trades, did they? The question now is how many millions or billions will they walk away with for their failures? Let's hope it doesn't turn out to be a pathetic $61 million as we saw a Bear Stearns. Oh the embarrassment at the country club.


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