On Monday, Lehman Brothers Holding Inc. (LEH) will project a $2.8 billion loss in its second quarter – a deficit that will likely surpass all expectations. So it’s hard to figure out if this recession will ever end, especially after Lehman Brothers announced plans to raise capital from Korea, an unexpected move on Wall Street.
Meanwhile, President Bush announced yesterday that the U.S. will leave “all options open” with Iran. With wars still unresolved in Iraq and Afghanistan and gas prices rising steadily, it’s unclear what fiscal repercussions will follow.
TheStreet’s Simon Constable and Debra Borchardt chime in on the Lehman Brothers fiasco and how the President’s open-option policy could affect the economy.
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