Lehman Bros. Going Down?

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BlasterBates replied

12 September 2008, 07:39
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.
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d000hg replied

12 September 2008, 07:35
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...
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oracleslave replied

12 September 2008, 07:13
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.
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d000hg replied

12 September 2008, 07:11
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...
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ace00 started a poll Lehman Bros. Going Down?

12 September 2008, 07:07

9 Voters

The poll is expired.

Will Lehman bros. enter the territory of junk stock today? Trading to be ceased on Lehman (NYSE) sometime today?

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