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News for the unnewsed: Economy in crisis

By Asma Chaudry and Nenad Tomanic

American economic crisis Lehman Brothers Holdings Inc. filed for the largest bankruptcy in history Monday. Lehman, the fourth largest U.S. investment bank, had assets of $639 billion at the end of May. The bank financed too many risky assets with little capital. Central banks are pumping billions of dollars to contain the crisis in Wall… Continue reading News for the unnewsed: Economy in crisis