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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (8874)	6/12/2008 4:15:39 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 71456

Dick Fold must go; he failed to oversee his colleagues activities. As a CEO he is unbearable. Why did Lehman buy its own shares. Who ordered those repurchases? Was there a preferred seller?

To: Giordano Bruno who wrote (8874)	6/13/2008 4:36:40 AM
From: RockyBalboa	Respond to of 71456

Whooey, they are negative: R.I.P: seekingalpha.com Another I-Bank bit the dust....this time it was the once-mighty Lehman Brothers (LEH). But before that news broke, the CFO, Erin Callan (must-read bio of her in the WSJ), whom everyone spoke so highly of, got the axe first thing yesterday morning. For the record, I was a fan of her no-frills style. But just one quarter ago she proclaimed LEH's capital structure fit for the environment and their balance sheet flush with cash. Unfortunately, she was wrong on both fronts. Evidently, she hardly knew what was going on with the firm. Is that bad? Maybe, but it's not really her fault. With the advent of complex derivatives and hybrid structures on the CDO desks, not even a room full of Harvard PhDs could unpeel the potential losses that the firm had (and probably has) on it's books