Lehman Brothers, Wall Street's favourite punching bag, took another beating on Thursday as jittery investors fretted over problems at home-loan giants Fannie Mae and Freddie Mac and absorbed regulators' statements that they would not bail out all financial institutions.

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</p><p class='TableClas'>Shares of Lehman fell as much as 23 per cent. This year, it has lost 70 per cent of its value, while a broader index of broker-dealer stocks is down 33 per cent. </P></p></table>


Lehman Bros shares fall 23%

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