I know these threads are getting really excessive, but this is the last one. So just sit back and vote when you think LEH will file for Chapter 11. That's right you sons of bitches, LEH will go the same route as BSC except LEH shareholders will be lucky if the first offer is $2. Edit... Poll should read "When will LEH file for Chapter 11 or be bailed out by the Fed BSC-style?" Meaning the company will be bought by a larger bank and cease to exist.
if they all go bust and we all become broke they might just have to shut down ET and there would be no more threads started by you :eek:
AP Lehman falls on talk of possible sale to Barclays Monday June 30, 3:32 pm ET Lehman Brothers shares fall 8 percent on talk Barclays will buy investment bank at a discount NEW YORK (AP) -- Lehman Brothers Holdings Inc. shares fell sharply Monday amid speculation that the nation's fourth-largest investment bank might be acquired by Britain's Barclays PLC at a discount price. The U.K. bank was said to be interested in buying Lehman at a price lower than it is currently worth, traders said. Lehman's share fell $1.92, or 8.6 percent, to $20.31. A spokesman for Lehman declined to comment about the latest rumor about the bank. A spokesman for Barclays could not immediately be reached for comment. Lehman Brothers has been under pressure since it announced earlier this month a nearly $3 billion loss that forced it to raise $6 billion in new capital. Chief Executive Richard Fuld at the time said Lehman did not need to complete a deal to stay in business. The near-collapse of fellow investment bank Bear Stearns in March forced the Federal Reserve to arrange its sale to JPMorgan Chase & Co. at a deep discount. There has been concerns that other banks might be in jeopardy amid heavy losses from mortgage-backed securities and other risky investments since the credit crisis began last summer. Short selling was considered to be another reason for volatility in Lehman's stock, said Nick Perry, equities options analyst at Schaffer's Investment Research. He points out that there are 420,000 options contracts betting that Lehman's stock will move lower during the next three months. That compares with about 180,000 currently out on Goldman Sachs Group Inc., the biggest U.S. investment bank that has largely been shielded from write-offs connected with the credit crisis. "There's a lot of put activity going on," he said. "It indicates there's a lot of nervousness out there." ========= Looks like we may see an option not listed above. LEH being bought by another bank, at a discount, without Fed help.
Someone knows something. Stock is falling fast again. Anyone hear rumours on what Barclays is offering?
This is going to reallllllly interesting, 1st BSC now LEH...... There needs to be aquisitions in this industry, however buying LEH at a discount is not what many expected if it does happen.