Tuesday, September 09, 2008

Lehman down 40%

And I thought it was bad when I reported Lehman was down 40% for a week back in July. The stock has been flat since then. However, today Lehman plummeted 40% to $8.55 (actually, the stock is pretty much in free fall; I'm having trouble keeping this post up-to-date even as I am still writing it).

South Korean regulators said talks between government-owned Korea Development Bank and Lehman have ended. Stick a fork in Lehman; they're done!

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