9/8/08

all the investment banks' stocks are going up dramatically this morning of the fannie and freddie bailout. why is lehman the only bank to have taken such a huge hit after starting the morning pretty good?

any insights?

Comments (4)

9/8/08

coz it is a sub-par bank.

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9/8/08

could be due to the fact that there was more management shakeup this morning and with earnings coming up sept 15, more signs that results will be worse than the street expects

9/8/08

No bank wanted to inject its own capital into Lehman so now Lehman's only other option is to sell its asset management arm... the market is freaked out by the fact that not one bank wants to build a stake in the firm

9/8/08
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