09 September 2008

Not With a Bang But a Whimper

And of course discreetly-placed denials by KDB (and LEH?) in the media were quick to follow this statement...

Korean regulator says KDB talks with Lehman ended
By Steve Goldstein
7:02 a.m. EDT Sept. 9, 2008

LONDON (MarketWatch) -- South Korea's Financial Services Commission Chairman Jun Kwang-woo said Tuesday that talks between state-run Korea Development Bank and Lehman Brothers Holdings Inc. have ended, Dow Jones Newswires reported. He declined to say what conclusions, if any, had been reached, the report said.