Lehman Preferred Series "J" Preferred (fka LEHJQ)

[surfstocks]

That's a good article. I think the public sentiment is really being cemented against GS, and the fact that Paulson and the government bailed out AIG so GS could recoup full value of their $13B claim against them shows you where the Fed's loyalty lied. Also there was a little help from Geithner and Corzine. But Lehman Brothers (their biggest competitor) was left for dead.


Here's a clip from a great article....

Over time, it would appear to many that Goldman Sachs had received a backdoor bailout from a Treasury Department run by the firm’s former CEO. Why did Paulson bail out the banks that did business with AIG, critics have demanded ever since, and not Lehman Brothers? Certainly executives at Lehman want to know. (As one former Lehman managing director there puts it, “The consensus is that we were deliberately f***ed.”)

Here's the whole article....

http://nymag.com/news/business/58094/index1.html