June 12, 2008
We saw it coming. After the June 9th revelation that Lehman was neck deep in losses, we suggested in our post that Lehman would be bundling severance packages. Today the packages and pink slips were delivered to Erin Callan and Joseph Gregory. I would have thought we would have seen Chief Executive Richard Fuld, Jr. biting the [...]
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June 9, 2008
Well, we all remember Bear Stearns. We all remember the false hope that was posted here and there about how the Bear could survive. We all remember the midnight oil and the Fed to the rescue.
Now, it seems that Lehman is on the same track. Sure, they say they can raise money and perhaps they [...]
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