they believe LEH's best course of action would be a "going-private" transaction since it is the public equity mkts that are the threat to the co's survival. "The public equity mkts are a threat to its survival......." Is that what it is supposed to be? You can't survive publically, so you need to go private? 13:34 LEH Lehman Brothers: Follow up on Fox Pitt comments (13.90 -0.53) -Update- Fox Pitt continues to believe that the decline in LEH's stock has little to do with the co's liquidity and balance sheet, but is more based on investors' pricing in the probability of a Bear Stearns-like run-on-the-bank. Meanwhile, they believe there is increasing danger that counterparties, creditors, and customers will be spooked by the stock's action, thus completing the vicious cycle of a self-fulfilling prophecy. As with BSC, they firmly believe that LEH has been targeted by the fear-trade, and there are media reports that executives are working with the SEC to track down rumor-mongering. They still believe that an emergency prohibition of short-selling in brokerage shares is imperative. In the absence of such a measure, they believe LEH's best course of action would be a "going-private" transaction, since it is the public equity mkts that are the threat to the co's survival.