July 14 - The U.S. SEC Chairman Christopher Cox said he is very comfortable with what investment banks are doing to strengthen their balance sheets.
Cox said the Federal Reserve and the SEC are in contact every day with the country's largest investment banks, including Lehman Brothers (LEH).
"We are very, very comfortable that they are all doing the right thing in trying to strengthen their balance sheets, raise more capital and be in a position to weather these very difficult storms," Cox said.
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