Listed Mining Companies
When Bear Sterns bit the dust in March, fears were expressed about the precarious position of Lehman Brothers. That it lost half its value in two days thus came as no surprise. But it has access to US Federal Reserve loans that Bear Sterns did not. One saw no Australian central bank outreach for the far smaller Australian hedge-fund Ospraie Management, which has closed its main fund. In Australia ABM Amro Morgans dealer Simon Bond says the crisis is bringing out “Darwinian behaviour” in some, who are “behaving like sharks when they smell blood in the water”. Far smoother passage for the biggies in the US, it seems.
LEHMAN LOSES IT
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By:
Darlene Creamer
Published on 19th September 2008
Updated 16th September 2008
Updated 16th September 2008
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