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re: Lehman Watch Thread
Posted on 9/14/08 at 1:36 pm to MileHigh
Posted on 9/14/08 at 1:36 pm to MileHigh
Bloomberg is reporting that Bankers and brokers are preparing for a Lehman bankruptcy. They have begun "netting Lehman trades" as of 2 pm today. Not sure exactly what that means. But, it doesn't sound as if a deal has been reached.
1
Posted on 9/14/08 at 1:38 pm to Herb
Well they definitely have to prepare. The word is, if Lehman doesn't close a deal by the time Asian markets open on Monday (Sunday evening over here), they're getting shut down or something.
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