Detailed text transcripts for TV channel - CNN - 20181231:06:33:00
Wall street is bracing for another possible victim of the housing and credit crisis. lehman brothers, one of the largest and oldest brokerage firms in the country has been experiencing what many fear is a slow death because of its rival bear stearns back in april. >> there had been rumblings that bear went down, lehman would be in severe trouble, and dick fuld, their ceo, had been warned that you may be next. >> hank paulson, who knew him from his goldman days had sat down with him and said you might want to think of finding a partner, someone to take you over, get someone with a bigger balanc...