Konst

Lehman in Dire Financial Straights

"It wasn't that long ago that Lehman was praised, with the help of the Fed, of stepping in and saving Bear Stearns (BSC), but now it is closer than ever that Lehman stands near that same edge."

Are you that clueless? It was JPM that stepped in.

Lehman has access to Fed's discount window which means they don't have a liquidity issue.