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To: unspun

It’s got nothing to do with a conspiracy or economic terrorism.

“When Lehman filed for bankruptcy on Sept. 15, it set off a scramble by corporations and individual investors to get their money out of money-market funds that held Lehman debt. The $62 billion Primary Fund held a $785 million investment, which was 1.2% of its holdings, in Lehman commercial paper.”

This was all very widely reported in the WSJ, the FT, etc. at the time.

Duh.


27 posted on 02/16/2009 6:02:53 PM PST by jas3
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To: jas3

Listen to the Sub committee Chair..(link at #18). he is talking about Trillions....


29 posted on 02/16/2009 6:07:58 PM PST by Ernest_at_the_Beach (No Burkas for my Grandaughters!)
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