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Wild Ride In Lehman, Financials

Posted on June 13, 2008

Note: I will be doing Market WrapUp on Financial Sense every 2nd, 4th, and if applicable 5th Thursday of the month. This was my first one.Concerns continue to mount at Lehman, with several to executives on the hot seat. Today Lehman Dropped their CFO and President.Lehman Brothers Holdings Inc. replaced Chief Financial Officer Erin Callan and President Joseph Gregory after the firm failed to quell speculation about mounting losses and stem a 60 percent plunge in the stock this year.Chief Executive Officer Richard Fuld has seen Lehman's ability to remain independent called into question this wee...

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bernanke , fed , housing , real estate , tax , treasuries , yield curve