Comments on: 7:00 AM Update: Lehman to Post $2.8 Billion Loss, To Raise $6 Billion (And Later Updates….) http://www.nakedcapitalism.com/2008/06/lehman-expected-to-announce-2-billion.html Sun, 22 Nov 2009 15:00:24 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: donna http://www.nakedcapitalism.com/2008/06/lehman-expected-to-announce-2-billion.html#comment-9274 donna Mon, 09 Jun 2008 16:18:00 +0000 http://www.nakedcapitalism.com/2008/06/700-am-update-lehman-to-post-28-billion-loss-to-raise-6-billion-and-later-updates/#comment-9274 So.. people will invest in Lehman so Lehman can invest in... what, exactly? <br/><br/>Or have we not yet figured out that these financial geniuses aren't? So.. people will invest in Lehman so Lehman can invest in… what, exactly?

Or have we not yet figured out that these financial geniuses aren’t?

]]> By: Anonymous http://www.nakedcapitalism.com/2008/06/lehman-expected-to-announce-2-billion.html#comment-9270 Anonymous Mon, 09 Jun 2008 14:42:00 +0000 http://www.nakedcapitalism.com/2008/06/700-am-update-lehman-to-post-28-billion-loss-to-raise-6-billion-and-later-updates/#comment-9270 S-- there you go-- no lowering of leverage because it's level three... what part of that concept don't you get? S– there you go– no lowering of leverage because it’s level three… what part of that concept don’t you get?

]]> By: S http://www.nakedcapitalism.com/2008/06/lehman-expected-to-announce-2-billion.html#comment-9269 S Mon, 09 Jun 2008 14:15:00 +0000 http://www.nakedcapitalism.com/2008/06/700-am-update-lehman-to-post-28-billion-loss-to-raise-6-billion-and-later-updates/#comment-9269 these guys again took $400M in gains on their debt worsening. <br/><br/>More importantly per CFO: "We have no intention of lowering our leverage ratios from this level"<br/><br/>On ROE and lower leverage, LEH sees higher margins and activity levels being favorable to this the firm<br/><br/><br/>This really is sureal...bizzaroworld these guys again took $400M in gains on their debt worsening.

More importantly per CFO: “We have no intention of lowering our leverage ratios from this level”

On ROE and lower leverage, LEH sees higher margins and activity levels being favorable to this the firm

This really is sureal…bizzaroworld

]]> By: Peripheral Visionary http://www.nakedcapitalism.com/2008/06/lehman-expected-to-announce-2-billion.html#comment-9266 Peripheral Visionary Mon, 09 Jun 2008 13:53:00 +0000 http://www.nakedcapitalism.com/2008/06/700-am-update-lehman-to-post-28-billion-loss-to-raise-6-billion-and-later-updates/#comment-9266 Bloomberg reports $120B in assets sold, but who are they selling to, and are the assets being sold "as is" or are there put options attached that could result in more losses for Lehman? Bloomberg reports $120B in assets sold, but who are they selling to, and are the assets being sold “as is” or are there put options attached that could result in more losses for Lehman?

]]> By: Anonymous http://www.nakedcapitalism.com/2008/06/lehman-expected-to-announce-2-billion.html#comment-9262 Anonymous Mon, 09 Jun 2008 13:11:00 +0000 http://www.nakedcapitalism.com/2008/06/700-am-update-lehman-to-post-28-billion-loss-to-raise-6-billion-and-later-updates/#comment-9262 Dorian Grayesque, in every sense of the definition....<br/><br/>They probably wont make it through the weekend.<br/><br/>Econolicious Dorian Grayesque, in every sense of the definition….

They probably wont make it through the weekend.

Econolicious

]]> By: Been there http://www.nakedcapitalism.com/2008/06/lehman-expected-to-announce-2-billion.html#comment-9259 Been there Mon, 09 Jun 2008 12:55:00 +0000 http://www.nakedcapitalism.com/2008/06/700-am-update-lehman-to-post-28-billion-loss-to-raise-6-billion-and-later-updates/#comment-9259 "So far, the firm has strong commitments from the New Jersey Division of Investment, which manages the state's $80 billion of pension funds and recently invested in Merrill Lynch & Co., and from C.V. Starr, the investment vehicle of Maurice R. "Hank" Greenberg, former chairman and chief executive officer of American International Group Inc." <br/><br/>It will be interesting what effect this will have(or may already have had) on the Civil Proceedings being conducted against Mr Greenberg by the SEC. “So far, the firm has strong commitments from the New Jersey Division of Investment, which manages the state’s $80 billion of pension funds and recently invested in Merrill Lynch & Co., and from C.V. Starr, the investment vehicle of Maurice R. “Hank” Greenberg, former chairman and chief executive officer of American International Group Inc.”

It will be interesting what effect this will have(or may already have had) on the Civil Proceedings being conducted against Mr Greenberg by the SEC.

]]> By: Yves Smith http://www.nakedcapitalism.com/2008/06/lehman-expected-to-announce-2-billion.html#comment-9256 Yves Smith Mon, 09 Jun 2008 12:38:00 +0000 http://www.nakedcapitalism.com/2008/06/700-am-update-lehman-to-post-28-billion-loss-to-raise-6-billion-and-later-updates/#comment-9256 S,<br/><br/>Thanks, and the press release also says 35% reduction in acquisition finance exposures. Since most players have been providing financial support to those so-called sales, I'd assume Lehman did too. Wonder if the 10-Q will speak clearly to that point. . S,

Thanks, and the press release also says 35% reduction in acquisition finance exposures. Since most players have been providing financial support to those so-called sales, I’d assume Lehman did too. Wonder if the 10-Q will speak clearly to that point. .

]]> By: S http://www.nakedcapitalism.com/2008/06/lehman-expected-to-announce-2-billion.html#comment-9253 S Mon, 09 Jun 2008 12:28:00 +0000 http://www.nakedcapitalism.com/2008/06/700-am-update-lehman-to-post-28-billion-loss-to-raise-6-billion-and-later-updates/#comment-9253 Surprised? <br/><br/>Interesting that the release has no balance sheet and a small table of marks. Net leverage down by 60B which means that the $100B plus reducetion includes match book on not at trisk asssets. That would be one more distortion from gasbasgs distortions on national television. Surprised?

Interesting that the release has no balance sheet and a small table of marks. Net leverage down by 60B which means that the $100B plus reducetion includes match book on not at trisk asssets. That would be one more distortion from gasbasgs distortions on national television.

]]> By: FAZ http://www.nakedcapitalism.com/2008/06/lehman-expected-to-announce-2-billion.html#comment-9251 FAZ Mon, 09 Jun 2008 12:11:00 +0000 http://www.nakedcapitalism.com/2008/06/700-am-update-lehman-to-post-28-billion-loss-to-raise-6-billion-and-later-updates/#comment-9251 Why does the CFO still have a job - she clearly has no idea what the right level of equity for her balance sheet is - I'm pretty sure they were telling people this was a one shot only deal last time they raised money. Maybe she can explain what the ideal leverage for their book is and how she got to that number. Why does the CFO still have a job – she clearly has no idea what the right level of equity for her balance sheet is – I’m pretty sure they were telling people this was a one shot only deal last time they raised money. Maybe she can explain what the ideal leverage for their book is and how she got to that number.

]]> By: Erin http://www.nakedcapitalism.com/2008/06/lehman-expected-to-announce-2-billion.html#comment-9245 Erin Mon, 09 Jun 2008 11:21:00 +0000 http://www.nakedcapitalism.com/2008/06/700-am-update-lehman-to-post-28-billion-loss-to-raise-6-billion-and-later-updates/#comment-9245 Good God! Chuck(gasp) now predicting a LEH "fade to black" in 6 months! Journalism at its finest. Good God! Chuck(gasp) now predicting a LEH “fade to black” in 6 months! Journalism at its finest.

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