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View Thread: SOS | We're sinking fast!
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    phreaks

    matthews said:
    Those banks dug themselves into this; they never should have gotten into the business of giving loans to people who couldn't pay back. This needed to happen.
    Umm, Lehman isn't a bank and loans had nothing to do with their problem, at least not in the context inferred.

    Lehman owes like $400bn in loans that it secured as operating cash, another 500bn in exposure to toxic derivatives and another few hundred billion of misc junk exposure.