Jun 16 2008

Lehman Posts First Loss Ever: Almost $3 Billion in 2nd Quarter

If you needed any more evidence that the loss party on Wall Street isn’t anywhere near an end, just look at the whopping $2.8 billion loss posted by Lehman.  This is the first loss ever posted by the Wall Street investment giant:
“(Businessweek)  Lehman Brothers Chief Executive Richard Fuld on Monday took the blame for the […]

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