Lehman is Toast
“Lehman has hired law firm Weil, Gotshal & Manges LLP to prepare a potential bankruptcy filing”
Yahoo Finance already has a page for BK Lehman!!
http://finance.yahoo.com/q?s=LHBI.PK
I’m posting a screenshot in case the page disappears.
Click image to enlarge
No matter what, it’s kind of sad to see a 158-year old company die, not to mention all those people who will lose their jobs.
Update: I don’t know what the hell that page is, some sort of pink sheet listing but I don’t know if it’s always been there or not.
I’d be an ass to say “fuck those people”, for the most part, they would be happy to see you Kicking a can down the street, rather than themselves.
De leveraging is a bitch
Oh I don’t like banks and bankers either, but can sympathize with those who will lose their jobs. I mean not everyone is at fault, right?
I really don’t like bankers.
http://www.cnbc.com/id/26691041
No Fed at this time, no public money:
http://dealbreaker.com/2008/09/we-have-reached-a-deal-for-leh.php
But who’s next?
They’re picking them off, one by one.
MER and/or C are next. Possibly AIG. Didn’t you see the concerted attacks? (I’m being a total leech here 🙂 )
I think my nightmare scenario may come true tomorrow (MER, AIG, SKF all up a lot).