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Non-Tech : LEH LEHMAN BROTHERS -- Ignore unavailable to you. Want to Upgrade?

To: Philip Armstrong who wrote (266)	9/25/1998 6:08:00 PM
From: john griffin	Read Replies (2) \| Respond to of 315

How much impact will the hedge fund problems have on the bank? LTCM is the hit we now know about, are there anymore? Is the bailout complete on LTCM or will they have to pay more? The banks in Japan have problems, is any of that connected? Have you seen the Japan report(just out Sept26) that says if they reorganize the banks, they will only need $2 trillion. If this is done are the derivatives just dropped? The US was critical of Japan for putting banks together to correct losses, now the Fed has done the same with LTCM. Sorry for so many questions, but I am trying to figure out if the banks are a good buy now, or are there so many hidden problems that they will go under. All the best--John

To: Philip Armstrong who wrote (266)	10/1/1998 2:41:00 PM
From: liz blake	Respond to of 315

I was thinking of investing in LEH stock. I was wondering if you knew if there is any validity to the rumors out there? I know from a reliable inside source that, contrary to the recent news, LEH is not having problems with banks in terms of credit lines. Likewise, in trying to separate the "wheat from the chaff" here, I am wondering if all the other negative rumors are just as false. Any idea where they could be coming from? Another question, do you think that a major institutional investor has taken a large short position in LEH? and if so, do you know who that investor is? Thanks in advance for your reply, Liz Blake