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Nightmare on Wall Street

A weekend of high drama reshapes American finance

Even by the standards of the worst financial crisis for at least a generation, the events of Sunday September 14th and the day before were extraordinary.

The weekend began with hopes that a deal could be struck, with or without government backing, to save Lehman Brothers, America's fourth-largest investment bank. Early Monday morning Lehman filed for Chapter 11 bankruptcy protection. It has more than $613 billion of debt.

The Economist 15 September 2008, Repeat 2008


Lehman Brothers 


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