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Thursday, September 11, 2008

WaPo: Treasury and Fed Assisting in Sale of Lehman

by Calculated Risk on 9/11/2008 05:50:00 PM

From the WaPo: U.S. Government Assisting in Sale of Lehman Brothers (hat tip Maven)

The Treasury Department and the Federal Reserve are helping Lehman Brothers put itself up for sale. The details are not finalized, but sources familiar with the matter say the purchase is expected to be completed and announced this weekend before Asian markets open Monday morning.
Another working weekend for Paulson.