What Lehman's Downfall Means for New York

Friday, September 12, 2008

It looks like New York City is about to lose another one of its big financial institutions. Investment bank Lehman Brothers is up for sale, and top executives are racing to find buyers. The company's stock price was down 14 percent by the market's close today. To talk about what this means for New York, we called Heidi Moore. She's the lead writer for the Deal Journal Blog for the Wall Street Journal.


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