[Cid_Yama]

Lehman Brothers has lost a third of it's value in 2 1/2 hrs. Just like Bear Stearns on Friday. Actually down 36% right now and dropping quickly.

[gnm]

Whats the size of this latest mess? Any idea how big their liabilities are? Or how big their derivatives liabilities?

Don't worry big B will just bail em out at our expense!



-G

[smallpoxgirl]

Washington Mutual is way down too. About 15% today, 59% since February 1, and 79% since last July.

[pup55]

bloomberg

$this->bbcode_second_pass_quote('', 'M')F Global Ltd., the largest broker of exchange-traded futures and options, fell as much as 80 percent in New York trading on speculation clients are pulling money and as financial shares dropped to their lowest level in almost five years.

[Cid_Yama]

Lehman has now lost half it's value today and there is still hours of trading left.

Talk about a Bailey Savings and Loan moment. They're just watching the clock.

[Bas]

$this->bbcode_second_pass_quote('Cid_Yama', 'L')ehman has now lost half it's value today and there is still hours of trading left.

Talk about a Bailey Savings and Loan moment. They're just watching the clock.

[Ferretlover]

$this->bbcode_second_pass_quote('gnm', 'W')hats the size of this latest mess? Any idea how big their liabilities are? Or how big their derivatives liabilities?

[Cid_Yama]

Looks like somone is trying to prop up the Lehman's share price in the final hour of trading. Trading volume is 10 times average.

They are only down 33% now. We'll have to see where it closes.

[anarky321]

love how noone mentioned that NCC closed down 42%

yea...thats not good

[mmasters]

Lehman will be OK, it's just suffereing from being associated with Bear and market fear. The numbers tomorrow wont be as bad as expected, it should recover its losses.

[Cid_Yama]

Please.

Lehman's trading volume was 10 times average. Big money piled in at the end of the day to rescue the share price. Even so they weren't able to help much.

Lehman and Citi are probably going down over the course of this week, and there just isn't course of action available to stop it short of a bank holiday.

It's time for the great reconciliation, where the books are forced to return to reporting reality. I can't wait for April.

[Starvid]

Lehman has a debt-to-equity ratio of 16. Ridiculous!

And good riddance.

[IslandCrow]

$this->bbcode_second_pass_quote('', 'L')ehman Brothers and Goldman Sachs both saw their profits more than halved in the first quarter of 2008.

Lehman's net income was $489m (£242m) in the first three months of 2008, compared with $1.15bn in the same period of 2007.
...
Both results were better than expected, with analysts predicting the impact of the credit crunch would be worse.

Lehman Brothers stressed the strength of its liquidity after the worries which led to the sale of Bear Stearns to JPMorgan Chase at a bargain price over the weekend.

[SteinarN]

Anybody know what Bear Sterns result was the last quarter they reported compared to the year before? It would be interesting to compare with Lehmans halved result this last quarter compared with a year ago. If Bear Stern had a rasonable result the last quarter they reported and now are obviously bancrupt, then Lehmans reasonable result last quarter should not be to reassuring.