Sesha Utters

Blog of a Shiznit

Archive for September 20th, 2008

Oh the Buzzing around the World is about this

Posted by seshdotcom on September 20, 2008

The Lehman Brothers becomes very lean

The Lehman Brothers becomes very lean

Hey it may be too late to write in my Weblog but thought of writing this-The Bank Giant LEHMAN BROTHERS Shares lost about 40% on Thursday which made the Socials question that whether the Bank will survive from this deficit-This happened because of its failure to sell the assets to cover the losses from the real estate investments.Lehman Brothers in its report announced that incurred a Quarterly loss of 3.9$ Billion because of this,and said it would spin Off distressed assets and sell a stake in tis asset Management Business.One of the Chief market analyst of Jefferies and CO told that it is pretty hard to believe that Lehman failed to clear the dark Cloud that surrounded it-And this has brought complete Lack of faith,Lack of trust,Lack of confidence.The filing made by the Lehman brothers is said to be the largest bankruptcy in the history of U.S Markets

Once or say some days back Lehman Brothers-Was a Umbrella term for Faith,confidence,Customer satisfaction,Prolific Growth etc etc etc,)But now it is no more like that until Lehman proves and revitalize itself from the heavy loss incurred by it.I probably think it would be Acquired by someone else it is no more a Independent Company.And I read about Barclays plc placing a Order and an interest to buy it lets c what is gonna Happen to the Lean Lehman Brothers

Posted in Business/economics | Tagged: , , , | Leave a Comment »