Lehman to be sold by the government.....

Quote from Landis82:

It's not the WSJ you moron.
It's the Washington Post.

Perhaps a course in "Reading Comprehension" is in order for you!
:D
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WSJ broke a story BAC was the buyer 5 minutes before the close.
 

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I stand corrected. Aaron C it was.

Quote from Landis82:

It wasn't "Daal" that stated that.
It was the resident ET "paper-trader", Aaron Copulation that made the remark about the WSJ.

:p
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Another day another bailout, wow, who would have thought, many thought it was over after the BSC bailout, nope, FNM, FRE and now LEH. The list just gets longer and longer. Whos next on the list.
 
Quote from S2007S:

Another day another bailout, wow, who would have thought, many thought it was over after the BSC bailout, nope, FNM, FRE and now LEH. The list just gets longer and longer. Whos next on the list.
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MER,WM,WAC. Can you belive this. Look at this headline, this was the reason for the 100 point dow rally in the last 3 minutes.
 

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I wouldn't go near LEH. This smells like Bear. Any large bank picking this up will insist on an incredible discount ... like $1 ... or they will walk.

Bullish for Financials. Again, remember Bear.
 
Quote from NERVESASTEEL:

I wouldn't go near LEH. This smells like Bear. Any large bank picking this up will insist on an incredible discount ... like $1 ... or they will walk.

Bullish for Financials. Again, remember Bear.
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Yeh....they got $10 per share! Leh at 3.5....you do the math!
 
LEH has heavy employee ownership. Hard to see them selling for $1. Otherwise, wouldn't they rather just take their chances in BK if they had to (while stalling for as much time as they could)?. Something like $5 would make sense to me (I'm short Sept 2.50 puts, so I'm betting it's something higher than $2).
 
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