why is lehman taking such a huge hit right now?
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?
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coz it is a sub-par bank.
coz it is a sub-par bank.
could be due to the fact
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
Couldn't find a capital injection
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
Neuberger sale
I think the uncertainty about whether LEH will sell off Neuberger or not is the main thing dragging down the stock today. Even though there's pro and con arguments to selling it, until the market knows one way or the other, the uncertainty makes people nervous.