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JPMorgan Gave Lehman $138 Billion After Bankruptcy

JPMorgan Chase & Co. gave $138 billion this week in Federal Reserve-backed advances to the broker dealer unit of Lehman Brothers Holdings Inc. to settle Lehman trades and keep financial markets stable amid the biggest bankruptcy in history, according to a court filing.

Webmaster's Commentary: 

Where did JP Morgan get that kind of cash? The Fed?

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Posted on Sep 16, 2008 at 19:00
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