Replies to post #6278 on Lehman Preferred Series "J" Preferred (f

[Ranb2khz]

Funny how the media are still referring to the deal only costing 1.75bil - it cost Lehman a lot more than that:

Although small, the LaBranche deal adds another building block to the growing empire of Bob Diamond, the head of Barclays Capital.

He helped to mastermind the $1.75 billion purchase of Lehman Brothers’ North American investment banking and capital markets businesses in the throes of the financial meltdown in September 2008.