Thursday, September 11, 2008

Bulletin: U.S. Government Assisting in Sale of Lehman Brothers

David Cho and Heather Landy of the Washington Post are reporting that the Treasury Department and the Federal Reserve are helping Lehman Brothers put itself up for sale. The details are not finalized, but sources familiar with the matter say the purchase is expected to be completed and announced this weekend before Asian markets open Monday morning.

The Fed and Treasury are talking to a wide range of firms and examining multiple scenarios for the sale of the investment broker, according to WaPo.

-EPJ Newsdesk

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