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Lehman CFO Erin Callan: Back from Ugly Monday

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Lehman CFO Erin Callan describes the credit market as worse than anybody who has been in the industry for 40 years like Lehman CEO Dick Fuld has seen with fear and perception takng over for every asset class regardless of basic quality. And the way Bear Stearns managed its liquidity being part of the culprit- liquidity being the thing that can kill you in a momet as Erin puts it.


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