Germany seeks explanation of KfW transfer to Lehman
Posted by Editor on September 17, 2008 at 08:26 AM
Thomson Reuters reports that, “Germany’s Finance Ministry wants an explanation as to why state lender KfW transferred 300 million euros ($426 million) to Lehman Brothers on the day the U.S. bank filed for bankruptcy, a ministry spokesman said on Wednesday.”
Looks like the sovereign wealth hasn’t stopped flowing into Wall Street after all.