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The Reserve Primary Fund "broke the buck" as a result of its exposure to Lehman Brothers securities. [ 132 ] September 17, 2008: Investors withdrew $144 billion from U.S. money market funds , the equivalent of a bank run on money market funds , which frequently invest in commercial paper issued by corporations to fund their operations and ...
Lehman quickly became a force in the subprime market. By 2003 Lehman made $18.2 billion in loans and ranked third in lending. By 2004, this number topped $40 billion. By 2006, Aurora and BNC were lending almost $50 billion per month. [2]:129. Lehman had morphed into a real estate hedge fund disguised as an investment bank.
According to bankruptcy examiner Anton Valukas, the seeds of Lehman's Sept. 15, 2008, bankruptcy were sown in 2006, aggressively fertilized throughout 2007 and 2008's first two quarters, and ...
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By early 2008 asset-backed and financial-sector commercial paper made up 56% of its portfolio. The September 15, 2008 bankruptcy of Lehman Brothers raised concern about Reserve Primary's holdings of Lehman-issued paper, which then made up 1.2% of its portfolio, as well as its other financial-sector paper. Among money market funds, Reserve ...
The Cincinnati Connector streetcar broke ridership records last year. Ohio scored funds for a potential expansion of Amtrak , which would include routes through Cincinnati. And there's even been ...
Buck Run is a tributary of Little Muncy Creek in Lycoming County, Pennsylvania, in the United States. It is approximately 1.3 miles (2.1 km) long and flows through Jordan Township. [1] The watershed of the stream has an area of 0.81 square miles (2.1 km 2). The surficial geology near the stream mostly consists of Illinoian Till and Illinoian ...
William Hendon, 19, appears in Hamilton County Municipal Court for an arraignment on Wednesday. Hendon is accused of running onto the field during a Cincinnati Reds game at Great American Ball Park.