Lehman: Hair of the Credit Dog That Bit You

Apropos of all the current chatter about collapsing credit markets, it’s entertaining to see that one of the two investment banks most exposed to subprime is already revisiting a prior credit crisis. Investment bank Lehman Brothers is recruiting staff to re-open its Russian office — yeah, the one that it abandoned after that region’s 1998 credit meltdown.

Hair of the credit criss that bit you, apparently.

[via Reuters]