OfflineIs anyone attempting to apply to Lehman Brothers right now? ..what do people think about their massive recent loss of value.. apparently at 12% of the value it was 12 months ago.. and the Bank of Korea pulling out of a deal to buy LB's shares? Ouch..
I've heard of academics who were predicting an unamed major investment bank would crumble at the peak of the credit crunch. Could this be it?
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Some interesting thoughts from CNN on the matter:
http://money.cnn.com/2008/09/09/news/companies/lehman_release/index.htm
Yes. This too ..interesting info on White Knights, etc.