This is Argyn's blog. I comment on topics of my interests such as software, math, finance, and music. Also, I write about local events in Northern Virginia, USA and all things related to Kazakhstan

Monday, September 08, 2008

Who's next? Lehman?

Eyes on Lehman rescue as Korea lifeline drifts
Mon Sep 8, 2008 7:32am

SEOUL/LONDON (Reuters) - A potential rescue from South Korea for troubled U.S. investment bank Lehman Brothers appeared to have lost further momentum on Monday but other possible investors continued to circle.

Lehman Brothers and Merrill Lynch were rumored to have serious issues at least from the beginning of this year, if not earlier. ML got into the subprime mortgage market very late, literally weeks before the bubble burst. I think that Lehman was considered more troublesome of this couple.

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