Friday, September 19, 2008

Dumbest Bank Move -2008

All over the world, bankers have made poor decisions. Nevertheless, the NY Times has identified the dumbest banking move of 2008.

The Money Quote: "a government-owned German lender gave Lehman Brothers what might be called a parting shot in the arm, transferring 300 million euros to the investment bank on the same day it filed for bankruptcy." Source:

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