Gerry Sullivan

Lehman Brothers: The Spinmeisters Were Right

You could have added the Wachovia (WB) offering in April at $25. For some other financials you can throw in AIG last month at $38 and Ambac (ABK) at $6.70, now under $2.

Even State Street (STT) couldn't hold the
$70 price where additional shares were sold last week.