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Lehman Brother
’Stand and delever
Every credit market we turn to seems to be fracturing. Even the most fundamental.
Take a look at these numbers from jck at Alea:
Repos Fails
U.S. Treasury Securities
to receive:$2.5 trillion
to deliver:
Lex: Behind Lehman’s loss
In raising fresh capital and selling off assets, Lehman Brothers may have done enough to calm nerves, says Lex. But the staggering scale of its quarterly loss and ineffectiveness of Lehman’s own hedges have damaged the bank’s credibility.
Japanese banks poised for more Wall St bail-outs
The three wealthiest Japanese finance houses are set to step into the worsening sub-prime carnage as the “silent investment partners” of Wall Street and Europe’s stricken banking titans, reports The Times,