Alex Sebastian

Lehman Brothers on Sale?

If Lehman makes a deal like Merrill's (including financing considerations) on it's $40B of real estate assets - admittedly much higher quality than what Merrill sold - there will be no equity left. And I think to many the Lehman name has lost almost all of its value. You said yourself that they no longer have any goodwill, isn't that what the value of a "name" is?

Also, there haven't been any rumours since July, when the SEC targeted rumour-mongering short sellers. Goldman, Morgan Stanley, Citi and others were all very well behaved yesterday after hours when their spokesmen said that they all continue to trade with Lehman.