How Lehman Brothers Got Its Real Estate Fix. A great article in the NYTimes describes some of the details of commercial real estate lending in its heyday, with a focus on one of Lehman's biggest dealmakers.
posted by SeizeTheDay on May 3, 2009 - 7 comments

Lehman Brothers files for liquidation. After an all weekend emergency meeting at the New York Fed, no rescue, and LEH is gone. AIG announcing restructuring tomorrow. Bank of America in merger talks with Merrill Lynch, offering to buy the firm outright at $29/share, which values the 94 year old firm at a paltry $40 billion. The futures market say that stocks are not happy.
posted by eriko on Sep 14, 2008 - 428 comments