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Archive Home > 2010 > March > 13 > Questions raised about New York Fed’s role

Questions raised about New York Fed’s role

By Eric Dash / The Bulletin
March 13, 2010

NEW YORK — They were considered the dregs of Lehman Brothers — “bottom of the barrel,” as one banker put it.

But as Lehman executives tried to keep the floundering bank afloat in 2008, they used these troubled investments to raise quick cash that helped mask the extent of the firm’s troubles.....

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