There are rumors making the rounds that Goldman Sachs (GS) is in talks to buy (or save) Lehman. I don’t know if it is true or not, but Lehman is now in sad shape. Here is an interesting story that I received this morning:-- Lehman Bros. Chief Executive Officer Richard Fuld continued his high-wire act to try to save his firm Wednesday. Before the market opened, Lehman said that it was looking at a net loss of $3.9 billion for its preliminary third quarter results, following the $2.8 billion loss announced for the bank’s second quarter. Estimated net revenues were [...]
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[Source: The Money Blogs]
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