Lehamn bank fights for survival

[nadinbrzezinski]

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/09/14/cclehman114.xml


Lehman Brothers fights for survival
Last Updated: 2:19am BST 14/09/2008

The law of the financial jungle has all but accounted for one of Wall Street's biggest beasts, the investment bank Lehman Brothers. Its chief executive Dick Fuld has been desperately looking for a buyer over the weekend, write Louise Armitstead and James Quinn in New York

Despite its position high above the Manhattan skyline, the 32nd floor of Lehman Brothers headquarters is known among junior traders as "the Jungle".



Lehman Brothers is looking for a buyer
For this is the domain of Lehman's indomitable chief executive, Dick Fuld, nicknamed The Gorilla, and the nerve centre of Wall Street's fourth biggest bank.


According to insiders, Fuld, 62, has for months barely left his den for longer than a few hours: he's worked from 5am to 2am most days fighting to defend the bank at which he has spent his entire working life

[whistle]

1. Lehman IS dead, like the roach that has been hit with Raid it is puking out

...its innards and still moving but no other roach will go near it. Henry Paulson will continue to try and get the American public (aka taxpayer) to pick it up and add yet another bank parasite to the bailout trough.

[nadinbrzezinski]

2. Monday will be fun

but a depression will not