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Wall Street Roundup: Greek uncertainty. Lehman fallout

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Greek uncertainty: There is growing disagreement in Europe about how to deal with Greece’s debt woes, with Germany pushing Greece to look outside Europe for help. Planet Money provides a look at how this might affect the U.S.

Private equity fight: Big investors such as CalPERS are hitting back against the terms set by the private equity firms where they invest, according to the Wall Street Journal.

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Looking at bonuses: The Obama administration’s pay czar, Kenneth Feinberg, is planning to look at the bonuses handed out by every company that received assistance through the Troubled Asset Relief Program. The review would be backward-looking, and Feinberg would likely not have any ability to change the pay that was given.

Lehman fallout: The auditing firm Ernst & Young is defending its role in the Lehman Brothers mess, which centers on an obscure accounting tactic known as Repo 105. Meanwhile, there is broadening debate about how widely other firms used Repo 105 tactics.

-- Nathaniel Popper

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