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First Bear, Then Fan/Fred, Now Lehman



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Lehman bailout planned for the weekend, the Washington Post reports.

UPDATE: An e-mail:

I think you are jumping the gun on the bailout, the Fed has been linking buyers to Lehman.  The majority of firms are on the sideline specifically because the FED has NOT provided hints of liquidity help or things similar to BSC/FNM/FRE.

Maybe so. Maybe the Fed can broker the deal without offering buyers a backstop. Let’s just say I’m not optimistic.   



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