Lehman Denies Rumors

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Super Lehman Brothers threw some D's on market rumors that it’s going to take a hit due to subrprime exposure this afternoon, according to CNBC. A (unsubstantiated, not necessarily untrue) rumor from this morning made stocks prices sad and ignited buying in Treasurys, traders said.
"The rumors regarding subprime exposure are totally unfounded," a Lehman spokeswoman told CNBC.
Lehman: Subprime Exposure Rumors 'Totally Unfounded' [CNBC]

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