Interest Rate Roundup

Tuesday, September 09, 2008

Lehman weakness hits the market

Of all the stuff going on right now in the market, the glaring thing that jumps out at me is the sharp decline in both common and preferred shares of Lehman Brothers, as well as a widening out in its credit default swaps. The catalyst appears to be reports that talks with Korea Development Bank for an investment/buyout have ended.


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