LEH LEHMAN BROTHERS Message Board

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Non-Tech : LEH LEHMAN BROTHERS

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To: Rob C. who wrote (307)	9/11/2008 8:37:25 PM
From: Tom Caruthers	of 315

Unfortunately, I'm still holding. I did average down today though my average price is something like $9 a share. It will take a lot to get me even. My mistake was not selling at the open 2 days ago, but I didn't think KDB was a make or break event. What a rotten trade. And to think I could have gotten out with a 20% gain just before it tanked. If Goldman and Merrill won't bite (which is why we are down again after hours), then I'm hoping a big commercial bank will. Maybe US Bank - if it's got the balls. It needs to have it's healthy dose of mortgage exposure, right? Bank of America probably has its hands full with Countrywide. JP Morgan has Bear. Maybe Citigroup? Maybe a foreign bank? I think buying Lehman would be a steal. "It's a crisis of confidence" - seems to be the consensus. It's not illiquidity. Hopefully Fuld has some well-placed buddies at Goldman and Merrill to help support Lehman and not abandon it as a trading partner or continue to share counter-party risk. Ugh...good luck to us both! We'll need it! Let's hope it doesn't go the way of Bear...on second thought, $10 was not too shabby!! Tom

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