Tue
Sep 9 2008
06:24 pm
By: bizgrrl

Lehman Brothers Holdings Inc. "stock tumbled $6.36, or 45 percent, to $7.79 — the lowest level Lehman's stock has hit since the financial meltdown of 1998..."

The fourth largest securities firm has suffered $8.2 billion in write-downs and credit losses since last year.

Within the last year their stock has been as high as $67. Ow! Ow! Ow! How much will we, the taxpayers, fork out to help this poor company?

Andy Axel's picture

Within the last year their

Within the last year their stock has been as high as $67. Ow! Ow! Ow! How much will we, the taxpayers, fork out to help this poor company?

We're already holding the bag for Bear Stearns.

When all is said and done, this is going to make the S&L bailout look like pat-a-cake.

____________________________

the distance between black & white is much further than i would like until now i never noticed that fascism has many disguises -d. boon, 1981

R. Neal's picture

Harold Ford is knee deep in

Harold Ford is knee deep in it, too!

Sarge's picture

Hey, all of you George

Hey, all of you George McCain TN REPUBS bend over, here it comes again!

gonzone's picture

It's all good

Taxpayer bailouts of corrupted corporations is absolutely no problem so long as the CEOs keep getting multi-million dollar termination agreements. Oh, and no jail time. Too rich for jail. IOKIYAR.

"When the going gets weird, the weird turn pro."
Hunter S. Thompson

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