NYSE Trader Updates Update on Lehman Brothers Trading and Specialist Unit

[TomClash]

Source: NYSE

Lehman Specialist Unit

"Effective immediately, Goldman Sachs will be assuming responsibility for NYSE-listed securities in which Lehman Brothers MarketMakers, a division of Lehman Brothers, has served as the specialist. Lehman specialist staff and technology will remain in place, and Goldman Sachs will oversee staff, trading and risk management. Goldman Sachs will also be responsible for clearing activity of the Lehman specialist unit in these securities going forward.
This arrangement will remain in place until a more permanent alternative can be arranged. We will keep you apprised of further developments as we work to ensure a smooth transition as well as fair and orderly markets in all NYSE-listed securities."

Read more: http://traderupdates.nyse.com/?sa_campaign=/internal_ads/callouts/traderupdates

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Hank Paulson's last job, before he became Secretary of the Treasury, was CEO of Goldman Sachs.

Cute. Oh, what a tangled web they weave.

[peacetalksforall]

1. Paulson says NO to Lehmen, but it's OK for his old friends at GS to take a part of L.

Do you think he earned a nice little package from GS to share with Cheney with a nice little pittance to Bush? Just being deductively sarcastic and bitter. All these people groomed and waiting in place to help with the teardown of this country to third country status.