Bankruptcy Law News
9/4/2008 10:33:26 AM EST
Lehman's clouded SunCal bet
(AP) When the housing market was booming, Lehman Brothers Holdings Inc. 's bankrolling of a California land developer looked like the ideal marriage. Now, though, the mix of easy money and land speculation helps show why Lehman is scrambling to pare back its $40 billion commercial real-estate portfolio. Full version (available to lexis.com subscribers)
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