Comments on: Barclays gets “core Lehman” assets http://www.creditwritedowns.com/2008/09/barclays-gets-core-lehman-assets.html Sat, 21 Nov 2009 08:48:41 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: The horrible self-dealing of Ken Lews and the principal-agent problem - Credit Writedowns http://www.creditwritedowns.com/2008/09/barclays-gets-core-lehman-assets.html/comment-page-1#comment-4817 The horrible self-dealing of Ken Lews and the principal-agent problem - Credit Writedowns Mon, 27 Apr 2009 00:29:01 +0000 http://www.creditwritedowns.com/2008/09/barclays-gets-core-lehman-assets.html#comment-4817 [...] It seemed all was well when Ken Lewis plunked down $44 billion in September (even though Barclays got much of the Lehman assets for a song days later).  But, as markets went into freefall, so too did Merrill Lynch, [...] [...] It seemed all was well when Ken Lewis plunked down $44 billion in September (even though Barclays got much of the Lehman assets for a song days later).  But, as markets went into freefall, so too did Merrill Lynch, [...]

]]> By: Edward Harrison http://www.creditwritedowns.com/2008/09/barclays-gets-core-lehman-assets.html/comment-page-1#comment-320 Edward Harrison Mon, 22 Sep 2008 14:50:00 +0000 http://www.creditwritedowns.com/2008/09/barclays-gets-core-lehman-assets.html#comment-320 You ask a darn good question. I tried to answer that here:<br/><br/>http://www.creditwritedowns.com/2008/09/random-musing-why-lehman-failed.html<br/><br/>We will see what Lehman actually had on its books in due course. But, the Merrill acquisition looks a tad expensive. The do have some nice Net Operating Losses to reduce the tax bill and the intake that taxpayers receive.<br/><br/>Nice for BofA, bad for federal budget deficits. You ask a darn good question. I tried to answer that here:

http://www.creditwritedowns.com/2008/09/random-musing-why-lehman-failed.html

We will see what Lehman actually had on its books in due course. But, the Merrill acquisition looks a tad expensive. The do have some nice Net Operating Losses to reduce the tax bill and the intake that taxpayers receive.

Nice for BofA, bad for federal budget deficits.

]]> By: dearieme http://www.creditwritedowns.com/2008/09/barclays-gets-core-lehman-assets.html/comment-page-1#comment-297 dearieme Tue, 16 Sep 2008 22:54:00 +0000 http://www.creditwritedowns.com/2008/09/barclays-gets-core-lehman-assets.html#comment-297 Why didn't Bank of America pick up bits of The Thundering Herd in the same way? (i.e. cheaply) Why didn’t Bank of America pick up bits of The Thundering Herd in the same way? (i.e. cheaply)

]]>