Will Lehman bros. enter the territory of junk stock today? Trading to be ceased on Lehman (NYSE) sometime today?
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Lehman Bros. Going Down?
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Lehman Bros. Going Down?
9Yes55.56%5No22.22%2Ask Andy22.22%2The poll is expired.
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What exactly has happened? My last permie job was working for a software company who did a lot of outsourced work for Lehman and I got the impression the were a gigantic organisation, one of the bigger banks?
I wonder how my old company is doing right now...Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishing -
http://forums.contractoruk.com/gener...ites-dust.html
It's not looking good. I give them until sometime next week though so will vote AndyW.Comment
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Forgive a stupid question, but if Lehman go down, all the employees won't suddenly be jobless will they? Lehman are involved in so many bonds and mortgages, I assume it would take years for them to actually wind down...Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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No they just get bought for a "song" and the mortgages on stuff move onto the books of the new bank. In the database you will probably see "Lehman Bros" in one of the fields. Occasionally a new graduate trainee will come across a dusty training manual with a Lehman Bros logo on it.I'm alright JackComment
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