Thursday, April 3, 2008

How Lehman aced its liquidity test

Wondering how Lehman Brothers staved off the panic that brought down Bear Stearns last month? Here's a clue: While former Bear Stearns chief Jimmy Cayne was off playing bridge, Lehman Brothers was busy putting together a hand that allowed the firm to trump bearish investors when the market turned.



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[Source: Financial news of the day - CNNMoney.com]

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