"Most of my Street contacts won't trade with LEH"

[m22au]

http://globaleconomicanalysis.blogspot.com/2008/09/lehman-worth-big-zero.html

On Deck: Lehman

Lehman(LEH) preferreds are now offered in size at 17%.

Washington Mutual (WM) CDS are trading around the 30% level.

Me thinks LEH is next.

And if you own the preferreds, you can expect... zero.

The best case is that the company sells its good assets and ends up a carcase. Meanwhile,
most of my Street contacts won't trade with 'em.

Does anyone have a link to this Minyanville article?

 

[libertad]

Who in their right mind would want to buy an "asset management firm" from a firm losing billions ?

 

[WaveStrider]

Didn't their execs give themselves bonuses that surpassed the earnings of the company?

Why wouldn't anyone want to own what's left??

 

[cubsguy81]

Does anyone else take pleasure in seeing them crumble? I mean, it couldn't happen to a better group of guys.

Another one bites the dust....and another one gone and another one gone

 

[GermanTrader]

Quote from cubsguy81:

Does anyone else take pleasure in seeing them crumble? I mean, it couldn't happen to a better group of guys.

Another one bites the dust....and another one gone and another one gone

So long as it doesn't screw with my volatility...