Lehman bank fights for survival

[nadinbrzezinski]

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/...


Lehman Brothers fights for survival
Last Updated: 2:19am BST 14/09/2008

The law of the financial jungle has all but accounted for one of Wall Street's biggest beasts, the investment bank Lehman Brothers. Its chief executive Dick Fuld has been desperately looking for a buyer over the weekend, write Louise Armitstead and James Quinn in New York

Despite its position high above the Manhattan skyline, the 32nd floor of Lehman Brothers headquarters is known among junior traders as "the Jungle".



Lehman Brothers is looking for a buyer
For this is the domain of Lehman's indomitable chief executive, Dick Fuld, nicknamed The Gorilla, and the nerve centre of Wall Street's fourth biggest bank.


According to insiders, Fuld, 62, has for months barely left his den for longer than a few hours: he's worked from 5am to 2am most days fighting to defend the bank at which he has spent his entire working life

[DS1]

1. They will find a buyer

probably one in Dubai.

[BlooInBloo]

2. hahahaha! The fight's over....

http://calculatedrisk.blogspot.com/

[amerikat]

4. Can I buy my own mortguage for 10 cents on the dollar?

I'm game for that.

[amerikat]

3. In the end the taxpayer will buy it......pathetic

The titans of banking run off with the profit and leave us holding the debt.

The boom and bust of it all leaves me with a quessy feeling in my stomach.

[nadinbrzezinski]

5. there are reasons for this

we won't get saddled with this one, but a full fledged collapse means the collapse of the world economy for the same exact reasons it crashed in 1929

the pubs were busy removing all the regulations that were put in place after oh , 1929

[amerikat]

6. Time to hunker down.....the safeguards of the 30's have been removed

and there are some significant things we lack this time around.