Saturday, September 20, 2008

Why did the financing dry up?

Why did the financing dry up? For months, short-sellers were convinced that Lehman's real-estate losses were bigger than it had acknowledged. As more bad news about the real estate market emerged, including the losses at Freddie Mac and Fannie Mae, this view spread.

Gurpreet Singh
Student
IsquareIT, Pune
guruonly1@gmail.com

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