Lehman Brothers Moves Towards Insolvency
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14th Sep 2008
Has the Bubble Just burst? Is this the start of the predicted US/World economic collapse?
Preparations are being made in case the US investment bank Lehman Brothers has to file for bankruptcy protection.
The firm was pushed to the brink on Sunday after UK bank Barclays pulled out of talks to buy most of Lehman.
If no new financing is found before Wall Street opens on Monday, Lehman will have to seek so called Chapter 11 bankruptcy protection. |
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