Lehman Not Far From Insolvency
Read the full article: http://jeflin.net/2008/07/04/lehman-not-far-from-insolvency/
With mounting losses (first quarter loss of $2.8 billion), management turmoil and a falling stock price (70% down this year and no sign of reversing), it seems likely that Lehman, the fourth-largest U.S. securities firm, will follow the footsteps of Bear Stearns and be sold at rock-bottom prices.
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