Lehman Brothers Taps Commercial Paper Market

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We don't know enough about the commercial paper market to know what to make of a report from Reuters that Lehman offered $340 million in commercial paper and placed 75% of it as of late this morning. Is this good news? After all, it shows they can borrow. Or is Lehman scrambling for liquidity and having to restrict its borrowings to overnight money?
We report, you deride.

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