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No Government Funding For Lehman

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The Treasury Department is adamantly against any plan to rescue Lehman Brothers that would put taxpayer money at risk, according to a person familiar with the matter.
Negotiations over the fate of Lehman are underway right now, with officials from the Treasury Department and the Federal Reserve playing a pivotal role. But the government's assistance is mainly confined to offering waivers of certain banking regulations rather than any direct financial role, the person said.