Lehman failure likely: Bear Stearns no.2 story

THIS IS A SHORT REMINDER >>> sending to the June 3 post on the same issue.

Please go to our – DAILY UPDATED – June 3 post, timely dealing with the current Lehman Brother involution and its next catastrophe.

A major step was June 12 revolution in LB top managemet, CEO & CFO: too late and ineffective, since it confirms that Lehman stands only on the tyranny of his benefactor, Mr. Fuld; but he can’t cope with THIS crisis and – as Breaking Views has  pointed out – there is no plan for his succession.

In the short run, the left purely financial US banks will be only 3 (not necessarily the LR final equilibrium): Morgan Stanley, Goldman Sachs and Merrill Lynch.

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Published in: on June 15, 2008 at 2:00 pm  Leave a Comment  
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