Assets 8.62 cents on the dollar...Lehman Credit-Swap Auction

Discussion in 'Wall St. News' started by lrm21, Oct 10, 2008.

  1. lrm21

    lrm21

    So this talk of buying assets at 22 cents to prop up the banks is crazy talk or a huge transfer back to the banks and overpayment.

    http://www.bloomberg.com/apps/news?pid=20601087&sid=aLkOZnNcDmSQ&refer=home
    The good thing this maybe starts to set a floor.