Lehman Takes Huge Loss, Does Nothing

I hope the govt doesn't prop them up. They made their mistakes, now let them live by them. No bail outs!

How lond do you think it takes to do a due diligence on a firm like LB? And if you have a bunch of suitors that look at the sale and possible structures simultaneously? 7 months is not that long of a period -- this is not a "push butten" sell order guys execute at tehtrading floor. You commentary is very shallow, I am sorry, and "Wow!" thing does not sound too professional in a broadcast on such a topic...

Fuld is just cashing those million dollar salary checks, like most CEO's of these financial entities he's just riding the tide until he's ousted. Geez... pick me Lehman... heck I will set there is make bad/short term/selfish decision for only 12 million a year. If this clown can do this job I can.

Once again, we have speculative comments based not on analysis, but on opinion. You don't know the value of their assets, and until you do, keep your mouth shut and play the facts, only the facts.

This is just another boilerroom plain and simple. Their Aurora mortgage subsidiary made loans with terms that were even more dubious than those of Countrywide. They deserve to fail.

Another 200 billion taxpayers money will be allocated for Fannie and Freddie, where is my share???? The total cost will be a lot more than we are lead to believe..........Why the Bear Sterns, Merrill Lynch, Bank of America, Citicorp, Fannie and Freddie lost hundreds of billions and their executives got billions of bonus???? I want that job……... Alexander Tyler, a Scottish history professor at the University of Edinburgh , had this to say about the fall of the Athenian Republic some 2,000 years earlier: ..................'A democracy is always temporary in nature; it simply cannot exist as a permanent form of government.'............................. 'A democracy will continue to exist up until the time that voters discover they can vote themselves generous gifts from the public treasury.' ........................ ' From that moment on, the majority always vote for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship.' .......................... 'The average age of the world's greatest civilizations from the beginning of history, has been about 200 years' ........................ 'During those 200 years, those nations always progressed through the following sequence: 1. from bondage to spiritual faith; 2. from spiritual faith to great courage; 3. from courage to liberty; 4. from liberty to abundance; 5. from abundance to complacency; 6. from complacency to apathy; 7. from apathy to dependence; 8. from dependence back into bondage.............. Go to FNMA website, you will see..... In addition to billions of executive bonus;.................. The total loan amount increase of FNMA in 27 years and total increase of FNMA administration:............................ 1st term Reagan 5.04%/yr, 20.56% total 2nd term Reagan 10.45%/yr, 47.44% total 1st term HWBush 4.73%/yr, 17.91% total 1st term Clinton .58%/yr, 2.31% total 2nd term Clinton 5.12%/yr, 21.30% total 1st term W Bush 7.22%/yr, 29.45% total 2nd term W Bush 5.93%/yr, 23.16% total .............................................. Let's do a simple math: ................................................ 1.054 X 1.1045 x 1.0473 x 1.0058 x 1.0512 x 1.0722 x 1.05.3 = 1.4672. That is total loan increase of 46.72% in 27 years. ........................................................... 1.2056 x 1.4744 x 1.1791 x 1.0231 x 1.2130 x 1.2945 x 1.2316 = 4.1469. That is total adminstrative increase of 414.69% in 27 years. ......................................................... On top of that, the bonus and salary increase and other costs, etc.... ..................................... No wonder FNMA is in big trouble. We should get a job at FNMA, get paid millions. Lost billions and taxpayers will bailout. .....................................

They know what they were getting themselfs into...

Your headline sums it up perfectly guys. They SAY they lost $4 billion and they're going to sell things. Great reason to rally. I mean if it does't work out well the government can bail them out. And they can bail out all the other banks and investment banks heading down the gurgler, they can bail out the car makers and the airlines and any other company that's vital to the national interest. I mean for God's sake, the Government is only $9.5 trillion dollars in debt. I mean what's another one or two trillion dollars on the tab, NOTHING!!!

I blame the entire culture of using laurels to take advantage of people. In, fact, there is nothing of value left. Now wall street has lost most if not all of its credibility, thanks to short selling conspiracies. People are not interested in investing now; know these crooks and traders are waiting to trap them once they know where their money is. forget it; better to leave the system altogether;....NOW figure out where my money is to screw me over...

It sounds like quite a pickle indeed.

due diligence with full disclosure shouldn't take longer than 8 weeks.

It's real simple .. banks made loans they should not of made, borrowers took money they should not of taken and now everyone is broke with their hands out to the US Government .... thank god for the american tax payer .. 15 trillion in national debt after the fannie/freddie disaster.

If only we could find a renewable resource that can derived easily. We need to put our heads together and act as one. Remember the "Manhattan Project"? That seemed to work....

Lehman- is a dead stick. No one wants their crap. Gone before election. Merrill will be next be ship to sink. Gov't tries to prevent panic. 50 trillion wrapped around only 1 trillion of real assets.

Henry Blodget???? How can anyone believe what this crook has to say?????

I second, third, fourth, fifth etc etc the comment in the begining that stated that no bailout by the gov should be given. Let them suffer ... When politicians complain about each other on the economy, it is them "the congress" that lets these buffoon "real estate" trading companies survive like a spoiled child.

"crappy"? lol I can't believe that came from a professional business journalist. Who wrote this.

On Friday Lehman had a golden opportunity to utilize the bailout from Uncle Sam - but Fuld blew it! No wonder Cramer put him on the wall of SHAME!

I just want to throw up......makes me sick to my stomach

Pathetic article ... worth absolutely nothing