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Could Ge Buy Lehman

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by Felix Salmon
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Sep 11 2008 6:14pm EDT

Could GE Buy Lehman?

"Banker 700" leaves an intriguing comment on my last post:

GE will end up buying Lehman. They actually want LEH. They fit well together. You heard it here first.

As Alea points out, it's not all that crazy. GE has been a shadow bank for many years now, and just check out the Class B directors of the New York Fed: Dick Fuld, Indra Nooyi, and, yes, Jeffrey Immelt. Put Fuld and Immelt into a room with Geithner and Paulson, I can see some kind of a deal being hashed out. What's more, GE has deep enough pockets to be able to absorb any possible future Lehman losses.

Portfolio.com has a list of the more obvious possible buyers.

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