Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: The Reaper who wrote (3703)	7/3/2008 2:13:33 AM
From: Peter V	Read Replies (1) \| Respond to of 6370

These articles shed some more light on it, but I'm not convinced. Message 24725389 Message 24725593

To: The Reaper who wrote (3703)	7/3/2008 5:22:54 PM
From: ggersh	Respond to of 6370

CNBC said so also

To: The Reaper who wrote (3703)	7/3/2008 6:15:35 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 6370

Perhaps this is also viewed bullish. It reminds me on Lehmans dealings with two other outsourced balance sheets; one being GLG partners (where Lehman also had a significant stake)>> July 3, 2008, 2:48 pm Lehman’s murky hedge fund play By Katie Benner If you’re Lehman Bros. (LEH), the market has doubts about your balance sheet, your stock is down, and rumors say you’re going out of business or bound for the auction block. So forming a hedge fund that looks like nothing more than a place to dump unknown assets might not be the smartest idea. But, reports Bloomberg, this seems to be exactly what Lehman has done. The firm has sold $4.5 billion worth of assets to a newly-formed hedge fund that counts Lehman as a significant investor; is run by seven recently-departed Lehman executives; and operates out of Lehman office space, three floors down from the office of Lehman’s corporate secretary, the report says. What’s more, Lehman is keeping its dealings with the fund, R3 Capital Partners quiet, and it isn’t mentioned in the firm’s Securities and Exchange Commission filings. You don’t need to know much more about R3 to see that this could be cause for alarm. Lehman investors will want to know how any transactions with the fund have affected the bank’s financial statements. R3 told Bloomberg that it is “an independently managed fund in which Lehman Brothers is a limited partner and holds a passive, minority stake in the general partner.” Not good enough for a firm that wants to restore investor confidence, says Bloomberg. “That [statement] won’t keep investors from forming their own conclusions. If Lehman doesn’t like what they decide, it will have only itself to blame.” dailybriefing.blogs.fortune.cnn.com