Put this in the for what its worth file.
http://www.nakedcapitalism.com/2008/09/lehman-end-imminent.html
http://www.nakedcapitalism.com/2008/09/lehman-end-imminent.html
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GS to buy LEH?
- Thread starter wareco
- Start date
I think the GS for LEH rumor makes sense.
As potential buyers walk away / stock price remains below $10 / stock price falls / CDS widens, LEH's power to demand a certain price diminishes.
So if GS bids a value more than zero, then the likelihood of that bid being accepted increases.
As potential buyers walk away / stock price remains below $10 / stock price falls / CDS widens, LEH's power to demand a certain price diminishes.
So if GS bids a value more than zero, then the likelihood of that bid being accepted increases.
Quote from The Kin:
I agree about the 24 to 48 hour part. I doubt Goldman will buy unless there is some sweet deal offered by the treasury or fed.
What would prevent GS from going long the market just before their bid of say $6? They would would eventually get 'paid' to take over LEH.
Quote from wareco:
Put this in the for what its worth file.
http://www.nakedcapitalism.com/2008/09/lehman-end-imminent.html
Well, the careers page at Lehman Brothers is alive and well too!
http://www.lehman.com/careers/workatlehman/index.htm