[jficquette]

This service claims they filed.

John

Today 00:32am
Lehman Brothers Holdings Inc *LEHMAN BROTHER HOLDINGS (PARENT COMPANY) FILES FOR CHAPTER 11 BANKRUPTCY; BROKER DEALER OPERATIONS WILL CONTINUE
– None of broker dealer subsidiaries or other subsidiaries will be included in Chapter 11 filing
– Exploring sale of broker dealer operations
– Customers may continue to trade or take other actions with respect to their accounts
– Neuberger Berman, Lehman asset management to continue with operations

[jficquette]

This service claims they filed.

John

Today 00:32am
Lehman Brothers Holdings Inc *LEHMAN BROTHER HOLDINGS (PARENT COMPANY) FILES FOR CHAPTER 11 BANKRUPTCY; BROKER DEALER OPERATIONS WILL CONTINUE
– None of broker dealer subsidiaries or other subsidiaries will be included in Chapter 11 filing
– Exploring sale of broker dealer operations
– Customers may continue to trade or take other actions with respect to their accounts
– Neuberger Berman, Lehman asset management to continue with operations

[jficquette]

This service claims they filed.

John

Today 00:32am
Lehman Brothers Holdings Inc *LEHMAN BROTHER HOLDINGS (PARENT COMPANY) FILES FOR CHAPTER 11 BANKRUPTCY; BROKER DEALER OPERATIONS WILL CONTINUE
– None of broker dealer subsidiaries or other subsidiaries will be included in Chapter 11 filing
– Exploring sale of broker dealer operations
– Customers may continue to trade or take other actions with respect to their accounts
– Neuberger Berman, Lehman asset management to continue with operations

[jficquette]

This service claims they filed.

John

Today 00:32am
Lehman Brothers Holdings Inc *LEHMAN BROTHER HOLDINGS (PARENT COMPANY) FILES FOR CHAPTER 11 BANKRUPTCY; BROKER DEALER OPERATIONS WILL CONTINUE
– None of broker dealer subsidiaries or other subsidiaries will be included in Chapter 11 filing
– Exploring sale of broker dealer operations
– Customers may continue to trade or take other actions with respect to their accounts
– Neuberger Berman, Lehman asset management to continue with operations

[jficquette]

This service claims they filed.

John

Today 00:32am
Lehman Brothers Holdings Inc *LEHMAN BROTHER HOLDINGS (PARENT COMPANY) FILES FOR CHAPTER 11 BANKRUPTCY; BROKER DEALER OPERATIONS WILL CONTINUE
– None of broker dealer subsidiaries or other subsidiaries will be included in Chapter 11 filing
– Exploring sale of broker dealer operations
– Customers may continue to trade or take other actions with respect to their accounts
– Neuberger Berman, Lehman asset management to continue with operations

[jficquette]

I got this off the internet a few mins ago.

Lehman Brothers Holdings Inc *ACCORDING TO PEOPLE BRIEFED ON THE MATTER, LEHMAN WILL FILE FOR BANKRUPTCY PROTECTION ON SUNDAY NIGHT – NYT
– According to the report, Lehman will seek to place its parent company, Lehman Brothers Holdings, into bankruptcy protection, while its subsidiaries will remain solvent while the firm liquidates its holdins, according to these people.
– A group of banks will provide a financial backstop to help provide an orderly winding down of the investment bank
– The Fed has agreed to accept lower quality assets in return for loans from the government.
– With respect to the bankruptcy filing, Lehman’s filing is not likely to resemble those of other companies that seek bankruptcy protection because of the harsher treatment that federal bankruptcy law applies to financial-services frms.
– NYT adds that changes to the bankruptcy code mean that counterparites to Lehman’s credit default swaps can seize their collateral at any time, posing an enormous potential risk to the entire financial markets.
– Lehman has retained the law firm Weil, Gotshal & Manges to prepare its bankruptcy filing.
– (reminder from earlier today) LEH: NYT speculates Lehman will be forced into receivership after weekend talks fail to materialize

John

[jficquette]

I got this off the internet a few mins ago.

Lehman Brothers Holdings Inc *ACCORDING TO PEOPLE BRIEFED ON THE MATTER, LEHMAN WILL FILE FOR BANKRUPTCY PROTECTION ON SUNDAY NIGHT – NYT
– According to the report, Lehman will seek to place its parent company, Lehman Brothers Holdings, into bankruptcy protection, while its subsidiaries will remain solvent while the firm liquidates its holdins, according to these people.
– A group of banks will provide a financial backstop to help provide an orderly winding down of the investment bank
– The Fed has agreed to accept lower quality assets in return for loans from the government.
– With respect to the bankruptcy filing, Lehman’s filing is not likely to resemble those of other companies that seek bankruptcy protection because of the harsher treatment that federal bankruptcy law applies to financial-services frms.
– NYT adds that changes to the bankruptcy code mean that counterparites to Lehman’s credit default swaps can seize their collateral at any time, posing an enormous potential risk to the entire financial markets.
– Lehman has retained the law firm Weil, Gotshal & Manges to prepare its bankruptcy filing.
– (reminder from earlier today) LEH: NYT speculates Lehman will be forced into receivership after weekend talks fail to materialize

John

[jficquette]

I got this off the internet a few mins ago.

Lehman Brothers Holdings Inc *ACCORDING TO PEOPLE BRIEFED ON THE MATTER, LEHMAN WILL FILE FOR BANKRUPTCY PROTECTION ON SUNDAY NIGHT – NYT
– According to the report, Lehman will seek to place its parent company, Lehman Brothers Holdings, into bankruptcy protection, while its subsidiaries will remain solvent while the firm liquidates its holdins, according to these people.
– A group of banks will provide a financial backstop to help provide an orderly winding down of the investment bank
– The Fed has agreed to accept lower quality assets in return for loans from the government.
– With respect to the bankruptcy filing, Lehman’s filing is not likely to resemble those of other companies that seek bankruptcy protection because of the harsher treatment that federal bankruptcy law applies to financial-services frms.
– NYT adds that changes to the bankruptcy code mean that counterparites to Lehman’s credit default swaps can seize their collateral at any time, posing an enormous potential risk to the entire financial markets.
– Lehman has retained the law firm Weil, Gotshal & Manges to prepare its bankruptcy filing.
– (reminder from earlier today) LEH: NYT speculates Lehman will be forced into receivership after weekend talks fail to materialize

John

[jficquette]

I got this off the internet a few mins ago.

Lehman Brothers Holdings Inc *ACCORDING TO PEOPLE BRIEFED ON THE MATTER, LEHMAN WILL FILE FOR BANKRUPTCY PROTECTION ON SUNDAY NIGHT – NYT
– According to the report, Lehman will seek to place its parent company, Lehman Brothers Holdings, into bankruptcy protection, while its subsidiaries will remain solvent while the firm liquidates its holdins, according to these people.
– A group of banks will provide a financial backstop to help provide an orderly winding down of the investment bank
– The Fed has agreed to accept lower quality assets in return for loans from the government.
– With respect to the bankruptcy filing, Lehman’s filing is not likely to resemble those of other companies that seek bankruptcy protection because of the harsher treatment that federal bankruptcy law applies to financial-services frms.
– NYT adds that changes to the bankruptcy code mean that counterparites to Lehman’s credit default swaps can seize their collateral at any time, posing an enormous potential risk to the entire financial markets.
– Lehman has retained the law firm Weil, Gotshal & Manges to prepare its bankruptcy filing.
– (reminder from earlier today) LEH: NYT speculates Lehman will be forced into receivership after weekend talks fail to materialize

John

[jficquette]

I got this off the internet a few mins ago.

Lehman Brothers Holdings Inc *ACCORDING TO PEOPLE BRIEFED ON THE MATTER, LEHMAN WILL FILE FOR BANKRUPTCY PROTECTION ON SUNDAY NIGHT – NYT
– According to the report, Lehman will seek to place its parent company, Lehman Brothers Holdings, into bankruptcy protection, while its subsidiaries will remain solvent while the firm liquidates its holdins, according to these people.
– A group of banks will provide a financial backstop to help provide an orderly winding down of the investment bank
– The Fed has agreed to accept lower quality assets in return for loans from the government.
– With respect to the bankruptcy filing, Lehman’s filing is not likely to resemble those of other companies that seek bankruptcy protection because of the harsher treatment that federal bankruptcy law applies to financial-services frms.
– NYT adds that changes to the bankruptcy code mean that counterparites to Lehman’s credit default swaps can seize their collateral at any time, posing an enormous potential risk to the entire financial markets.
– Lehman has retained the law firm Weil, Gotshal & Manges to prepare its bankruptcy filing.
– (reminder from earlier today) LEH: NYT speculates Lehman will be forced into receivership after weekend talks fail to materialize

John

[jficquette]

[quote=patientlywaiting]Considering how Wamu and Lehman shares have dropped recently, I’m leaning towards the Fed making an example out of those institutions.

Lehman has access to the discount window where their can park their junk for some time. Bear Stearns didn’t have that option.

I believe that Bear Stearns was bailed-out with the hope of stemming the crisis. But now that Fannie and Freddie have been taken over, it’s time to let the invisible hand of market work its magic.

[/quote]

I tend to agree with you. I think that they tell Wall Street to handle it and if they can’t then they will let Lehman go under.

This “emergency meeting” the goverment is having today over Lehman may be more of a get together to decide on a course of action if Lehman fails and not so much as a meeting on how to save them.

John

[jficquette]

[quote=patientlywaiting]Considering how Wamu and Lehman shares have dropped recently, I’m leaning towards the Fed making an example out of those institutions.

Lehman has access to the discount window where their can park their junk for some time. Bear Stearns didn’t have that option.

I believe that Bear Stearns was bailed-out with the hope of stemming the crisis. But now that Fannie and Freddie have been taken over, it’s time to let the invisible hand of market work its magic.

[/quote]

I tend to agree with you. I think that they tell Wall Street to handle it and if they can’t then they will let Lehman go under.

This “emergency meeting” the goverment is having today over Lehman may be more of a get together to decide on a course of action if Lehman fails and not so much as a meeting on how to save them.

John

[jficquette]

[quote=patientlywaiting]Considering how Wamu and Lehman shares have dropped recently, I’m leaning towards the Fed making an example out of those institutions.

Lehman has access to the discount window where their can park their junk for some time. Bear Stearns didn’t have that option.

I believe that Bear Stearns was bailed-out with the hope of stemming the crisis. But now that Fannie and Freddie have been taken over, it’s time to let the invisible hand of market work its magic.

[/quote]

I tend to agree with you. I think that they tell Wall Street to handle it and if they can’t then they will let Lehman go under.

This “emergency meeting” the goverment is having today over Lehman may be more of a get together to decide on a course of action if Lehman fails and not so much as a meeting on how to save them.

John

[jficquette]

[quote=patientlywaiting]Considering how Wamu and Lehman shares have dropped recently, I’m leaning towards the Fed making an example out of those institutions.

Lehman has access to the discount window where their can park their junk for some time. Bear Stearns didn’t have that option.

I believe that Bear Stearns was bailed-out with the hope of stemming the crisis. But now that Fannie and Freddie have been taken over, it’s time to let the invisible hand of market work its magic.

[/quote]

I tend to agree with you. I think that they tell Wall Street to handle it and if they can’t then they will let Lehman go under.

This “emergency meeting” the goverment is having today over Lehman may be more of a get together to decide on a course of action if Lehman fails and not so much as a meeting on how to save them.

John

[jficquette]

[quote=patientlywaiting]Considering how Wamu and Lehman shares have dropped recently, I’m leaning towards the Fed making an example out of those institutions.

Lehman has access to the discount window where their can park their junk for some time. Bear Stearns didn’t have that option.

I believe that Bear Stearns was bailed-out with the hope of stemming the crisis. But now that Fannie and Freddie have been taken over, it’s time to let the invisible hand of market work its magic.

[/quote]

I tend to agree with you. I think that they tell Wall Street to handle it and if they can’t then they will let Lehman go under.

This “emergency meeting” the goverment is having today over Lehman may be more of a get together to decide on a course of action if Lehman fails and not so much as a meeting on how to save them.

John

[Author]

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