The problem with investment bank balance sheets is that on the left side nothing is right and on the right side nothing is left.
George Bush said that he is saddened to hear about the demise of Lehman brothers. His thoughts at this time is to go out to their mother as losing one son is hard, but losing two is a tragedy.
Lehman have changed their recommendation on Lehman from hold to sell.
President Bush said clients shouldn't be concerned by all these bank closings. If the bank is closed, you just use the ATM, he said.
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