wo managers and one division head of the German state lending bank KfW were suspended Thursday after an emergency meeting of the administrative board in Berlin, amid uproar over a suspicious €300 million ($426 million) transfer made by the bank to Lehman Brothers on Monday -- just as the New York financial institution collapsed. Critics were calling for heads to roll, and during a press conference after the five-hour meeting German Economics Minister Michael Glos, a member of the conservative Christian Democrats, announced the three suspensions. His Social Democratic colleague Peer Steinbrück, Germany's finance minister, said the suspensions would not be "the final word."
Critics were calling for heads to roll, and during a press conference after the five-hour meeting German Economics Minister Michael Glos, a member of the conservative Christian Democrats, announced the three suspensions. His Social Democratic colleague Peer Steinbrück, Germany's finance minister, said the suspensions would not be "the final word."
What seems more ominous is the $8 billion transferred from Lehman London to Lehman NY over the ast few day before the bankruptcy. PWC, the liquidators in London, are now asking for the money back In the long run, we're all dead. John Maynard Keynes
