Lehman Brothers Holdings Inc. (fka LEHMQ)

[Ben Bien]

nicely said, you're right, LEH was the one other investment bank (other than BSC) that was incredibly leveraged, but unless one actually made money betting against LEH's survival prospects, one cannot say much. I for one was too ignorant to take a short position or to buy puts in anticipation of LEH declining; in fact I took a long position yesterday and am now down -$2,000. I wonder if you say it was so clear, did you make any money shorting LEH or buying LEH puts? If you did then I congratulate you. But I only say that things are not so clear as they are occurring; they are only 'clear' and easy to state after the conclusion happens. I do not know if LEH will be bought out for more than what its commons shares are currently worth, but current news points to preferred shares moving on news that BAC will buy LEH out:

http://money.cnn.com/news/newsfeeds/articles/djf500/200809111731DOWJONESDJONLINE000927_FORTUNE5.htm