A forum for discussing financial economics, structured finance and investment management
Friday, July 11, 2008
Lehman down 40% for week
Lehman fell the most since the firm went public in 1994 on speculation that Freddie Mac and Fannie Mae might fail. Lehman, which has lost about 40% of its market value this week, dropped $3.27 (19%) to $14.03 this morning.
I'm a veteran of two careers - high school math and physics teacher, retirement consulting actuary - who is now enjoying the pleasure of staying at home for my daughter. (My avatar is in honor of Will Durant, whom I consider the last true sage.)
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