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re: Lehman Watch Thread
Posted on 9/12/08 at 10:18 am to MileHigh
Posted on 9/12/08 at 10:18 am to MileHigh
LINK
quote:
Treasury Secretary Henry Paulson is "adamant" that no government money be used in any deal that resolves the crisis at Wall Street investment bank Lehman Brothers, a source familiar with his thinking said on Friday.
1
Posted on 9/12/08 at 4:47 pm to MileHigh
But he didn't say it himself?
As the story says in the other thread, Lehman is NOT too big to fail, so the government could just let them twist. Maybe, maybe not.
Certainly, though, even if the government smoothed the transition along somehow, the bondholders of LEH would need to take a serious haircut. There's no way Lehman Brothers should get anything close to as favorable of a deal as Bear Stearns did.
As the story says in the other thread, Lehman is NOT too big to fail, so the government could just let them twist. Maybe, maybe not.
Certainly, though, even if the government smoothed the transition along somehow, the bondholders of LEH would need to take a serious haircut. There's no way Lehman Brothers should get anything close to as favorable of a deal as Bear Stearns did.
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