Excellent Article.....
Lehman Brothers took writedowns of just $200m on its $6.5bn portfolio of sub-prime debt in the first quarter even though a quarter of the securities had "junk" ratings, typically worth a fraction of face value.
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Hey Fuld may yet to keep his bonus....but things are getting a little tighter....
$200 million of $6.5 Billion declared....
Skating for over 5 months....
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S ecure
E mployee
C ompensation
Train in the SEC....Get paid at the big firms....
Do the dance....
