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The Lehman Liquidation Failure means Global Metldown Dominos

Executives from the major Wall Street firms expressed reluctance at a plan by government officials to have each firm chip in money to buy Lehman Brothers’ troubled real estate portfolio, worried that even after Lehman, another firm might need a similar bailout as the financial crisis continues to wreak havoc among the big investment banks.

It’s all part of the chain which brings us to the precipice.  Another 116 banks are standing in line on the FDIC list.

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