Browsing All Posts published on »July, 2011«

Lehman Borrowed $18 Billion From Undisclosed Federal Reserve Loan Program – Bloomberg

July 7, 2011 by

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Lehman Brothers Holdings Inc. (LEHMQ)’s brokerage borrowed as much as $18 billion in four separate loans from a previously secret program of the U.S. Federal Reserve in June 2008, three months before its parent filed the biggest bankruptcy in U.S. history. The program, which peaked at $80 billion in loans outstanding, was known as the […]