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Commentary

LEH down 40%, WM down 20%, Life is Not Good

Lehman Brothers is down 40% today, and was down yesterday too. Washington Mutual is a big bank and looks like it’s got some serious problems, being down 20%.

Will there be a rescue effort? Time will tell. But I think this is a little too much to swallow.

Lehman owns a number of funds that trade or invest in the Indian markets. What happens?

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