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Most jobs would go, and the payroll was not protected - with the next pay cheque due this Friday.
(FT.com)

5000 London mortgages to become 'distressed'? (And Lehman employs 25 thousand people globally... what's the size of the hit in Manhattan?)

Like the Enron critters, many of these people had large portions of their savings in Lehman shares.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Tue Sep 16th, 2008 at 07:05:11 AM EST
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