Firm considered a reverse repurchase transaction in wake of Lehman's failure, Bent testifies.
By Bob Van Voris and Patricia Hurtado, Bloomberg|October 12, 2012 at 05:18 AM|Originally published on Treasuryandrisk.Com
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Bruce R. Bent, chairman and cofounder of the Reserve Funds, said he and others were willing to “try anything” the day after Lehman Brothers Holdings Inc.’s bankruptcy caused a run on the $62.5 billion money-market fund.