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According to this ChannelNewAsia article, they MAY have been exploring the possibility? Or were they just being prudent in their response to avoid unnecessary panic?
Btw, Lehman Brothers closing shop...
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/371722/1/.html
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If Temasek did not invest into Lehman Brothers before, they will soon be owning parts of the assets - human resources - belonging to the Lehman Brothers, as the Barclays Bank - {which Temasek has dumped a few billions to own a minority stake} - is making attempts to buy parts of the the Lehman Brothers.
Barclays is not bidding to swallow the entire Lehman Brothers and assume all the debts, but is picking the prime cherries - the human talents - that helped to build Lehman Brothers prior to the rot eating into its entire body.
Edited by Atobe 17 Sep `08, 2:52AM
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Originally posted by Atobe:
If Temasek did not invest into Lehman Brothers before, they will soon be owning parts of the assets - human resources - belonging to the Lehman Brothers, as the Barclays Bank - {which Temasek has dumped a few billions to own a minority stake} - is making attempts to buy parts of the the Lehman Brothers.
Barclays is not bidding to swallow the entire Lehman Brothers and assume all the debts, but is picking the prime cherries - the human talents - that helped to build Lehman Brothers prior to the rot eating into its entire body.
Hmm...they are buying the intellectual property, smart move, taking full advantage of pasar malam sales
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