September 9th, 2008 11:32 am | by John Jansen |

Lehman Brothers equity has dropped by 35 percent. There is some talk that they might truly be compelled to fold as the Treasury is currently busy frying other fish. They have had quite some time to right their ship (I think the ship metaphor is ok because it follows the fish fry) and not having done so they might be left to their own devices.Lehman CDS currently 420/440 after closing 320/330.

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