Fed and Treasury working with Lehman

Looks like its gonna be another busy weekend for Bazooka Hank Paulson. The Treasury and Fed are doing their magic once again, trying to line up a buyer for Lehman. I can’t imagine the government taking on any more liabilities for a private firm that has been in a tailspin for months, but I’ve been wrong before…as anyone who sold EUR/JPY on my recommendation earlier today can attest.

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