Wall Street Manna

An irreverent look at Wall Street

Monday, June 9, 2008

Lehman to raise $6 billion

Lehman is now raising the capital, that they said they didn't need, for the losses they said they didn't have.

Merrill Lynch analyst Guz Mozkowski said last week "Lehman shares have meaningfully undershot fair value in the last few days on speculation and concerns that are not justified,'' and Deutsche Bank upgraded Lehman.

Now you know who some of their counterparties are!

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