Erin Callan

This book can be synopsized: We were right; they were wrong.The "they" are primarily former CEO of Lehman Brothers, Richard S. Fuld, Jr., and former President Joseph M. Gregory.The "we"? Author Lawrence G. McDonald (a former VP of Lehman), of course, and a handful of his colleagues at Lehman.The book repeatedly belittles the intelligence of the "they" while extolling the genius of the contrarians, the "we". Regarding Fuld, he's described in...  

Readers of this blog may find this article in the Big Money of interest, particularly the last part, in which I cite an academic study that debunks the theory that Bear Stearns and Lehman Brothers were brought down by naked shorting.The study was based on "fails to deliver" data, which naked shorting conspiracy theorists have been using as a proxy for naked shorting.I think that fails are a questionable way of plotting naked shorting, but even...  

Citibank sieht sich zu Unrecht in der Kritik Mehr als ein Jahr nach der Pleite der US-Investmentbank Lehman Brothers haben rund 50 Geschädigte am Donnerstag vor der Citibank in Düsseldorf demonstriert. Nach Polizeiangaben wurden Sitzblockaden vor dem Gebäude hingenommen, weil sich die Demonstranten friedlich und kooperativ verhalten hätten.  

NEW YORK, Nov. 11 /PRNewswire/ -- James W. Giddens, the Trustee for the Liquidation of Lehman Brothers Inc. (LBI), with assistance of his counsel at Hughes Hubbard & Reed LLP, today filed his Second Interim Report for the period May 30 to November 11, 2009 with the Unite...  

11 Nov 2009HONG KONG: Some 16 banks have agreed to settle all complaints arising from the sale of Lehman Brothers non-minibond products by March next year, a Legislative Council's subcommittee heard yesterday.Choi Yiu-kwan, the Monetary Authority's deputy chief executive, unveiled the latest agreement with the banks at a hearing of the subcommittee on the debacle arising from the sale of Lehman Brothers financial products.In a payout plan...  

"An eclectic batch of artworks that once adorned the corporate offices of Lehman Brothers Holdings Inc. sold for $1.35 million," or "almost double the projected total," at auction Sunday. One art adviser explained part of the appeal: "This gives you a piece of financial history -- good, bad or indifferent."...  

The high flying days are officially over for Lehman Brothers. The Wall Street Journal reports that Lehman Brothers has finally sold off its last private plane, a Gulfstream 550 that it bought for about $40 million in 2006. Lehman Brothers Holdings has already sold off two Gulfstream IVs, a Dassault Falcon 50 and a Sikorsky chopper since filing for bankruptcy last year. The planes were often used to cart Chief Executive Richard Fuld and his...  

By Jason Simpkins Managing Editor Money Morning CIT Group Inc. (NYSE: CIT) on Sunday filed for Chapter 11 bankruptcy protection. CIT’s filing is the fifth largest bankruptcy in U.S. history, behind Lehman Brothers Holdings Inc. (OTC: LEHMQ), Washington Mutual Inc. (OTC: WAMUQ), WorldCom Inc., and General Motors Corp. But unlike Lehman Bros. and [...]  

Another chapter in the history of Lehman Brothers is now closed. At yesterday's auction, the artwork held by the once mighty financial institution fetched $1.35 million, almost double the $760,800 presale estimate by Freeman's Auctioneers. Nonetheless, it puts hardly a dent in the $250 billion that Lehman owes its creditors. The auction lasted six hours and featured both fast-paced bidding and generous prices. Unsurprisingly, Roy Lichtenstein...  

Or so alleges country reporter Charlie Gasparino, in his new book (out tomorrow!), When Mooks Fail. According to CG, given that "both of these broads" had "a great pair of legs and an ass just begging for a pinch," the comparisons were inevitable, but were nevertheless troubling to JT. The upcoming second-quarter earnings--or, to be more precise, losses--were much higher than expected, around $5 billion. The size of the losses was in direct...  

Nov. 2 (Bloomberg) -- An eclectic batch of artworks that once adorned the corporate offices of Lehman Brothers Holdings Inc. sold for $1.35 million yesterday at Freeman’s Auctioneers in Philadelphia. Bloomberg's Gigi Stone reports. (Source: Bloomberg)  

Lehman Brothers hatte am 15. September 2008 Insolvenz angemeldet SAP-Gründer Klaus Tschira hat laut «Spiegel» beim New Yorker Konkursverwalter der US-Investmentbank Lehman Brothers eine Forderung von knapp einer Milliarde Dollar eingereicht. Der Milliardär habe 2007 sein Paket aus SAP-Aktien gegen Kursverluste absichern wollen.  

Roy Lichtenstein’s I Love Liberty, which sold for more than double the asking price.Sports tension notwithstanding, a number of New Yorkers trudged down to the Sixth Borough yesterday for an auction of artworks from Lehman Brothers' corporate offices at the auction house Freeman's. The amount the sale took in — $1.35 million, which will go toward paying off the now-bankrupt investment firm's creditors — was higher than anyone expected, and...  

Rachael Singh, Accountancy Age, Monday 26 October 2009 at 14:59:00 Arc Capital & Income enters administration following the collapse of Lehman Brothers The combination of a Financial Services Authority investigation into structured finance products and the collapse of Lehman Brothers has led to the administration of investment company Arc Capital & Income....  

The financial firm of Lehman Brothers collapsed quickly into bankruptcy in 2008. The phrase “collapsed/fallen/folded faster than Lehman Brothers” was used on many blogs in September 2008. During an NFL football game between the Houston Texans and San Francisco 49ers on October 25, 2009, broacaster Chris Myers said of a sack of Texans quarterback Matt Schaub: “Schaub went down faster than Lehman Brothers.” The line immediately appeared...