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Why Lehman's Bankruptcy Matters



September 15, 2008 – Comments (0) | RELATED TICKERS: LEH , MER.DL2 , AIG

What an extraordinary day!

As I write this, the market is down 2.5% on the tumultuous events of the past weekend -- the most prominent of which is the looming bankruptcy of Lehman Brothers (NYSE: LEH). Overseas, the UK FTSE 100 index lost 4.3% on the day and the German DAX lost 3%. (Most of Asia’s major stock markets were closed on Monday for holidays.)

What’s the big deal? How does Lehman’s bankruptcy affect more than just a handful of bankers and traders (more)

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