How Lehman lost its way

To understand what went wrong at Lehman Brothers, leave the canyons of Wall Street and head to the flatlands of Bakersfield, 120 miles northeast of Los Angeles.

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Lehman Brothers posts $2.8bn loss

The US investment bank Lehman Brothers posts a loss of $2.8bn, the first since it went public in 1994.
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Lehman raises $6 bln, expects big 2nd-quarter loss (Reuters)

The exterior of the world headquarters for Lehman Brothers is seen in New York June 4, 2008. (Brendan McDermi/Reuters)Reuters - Lehman Brothers Holdings Inc
on Monday raised $6 billion in capital and projected a
worse-than-forecasted quarterly loss, sending its shares
swooning to a new five-year low.

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