Sunday, August 24, 2008

Lehman has more than $60 billion of mortgage assets that investors fear will be written down

S. Korea's KDB says buying Lehman a possibility

By Kim Yeon-heePosted 2008/08/22 at 1:25 pm EDT SEOUL, Aug. 22, 2008 (Reuters) — State-run Korea Development Bank said on Friday that Lehman Brothers Holdings Inc is one of its options for acquisitions, as the struggling U.S. investment bank considers securing much-needed capital from investors. The Financial Times reported on Thursday that Lehman sought to sell up to a 50 percent stake to either KDB or China's biggest brokerage, CITIC Securities Co Ltd . The two Asian companies walked away in the first week of August after deciding the asking price was too high, the newspaper reported.

Posted by malct @ 10:31 AM (767 views)
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2 thoughts on “Lehman has more than $60 billion of mortgage assets that investors fear will be written down

  • Certainly the asking price is too high……..BUT………Don’t know why they would want to invest in this rubbish debt. No doubt they want to off-load their worthless dollars anywhere they can and are being encouraged by their guardians and sponsors to do so, to save these institutions that represent the very essence of US of A Kind of kills two birds with one stone and spreads the bad debt into the wider world.

    Very quiet today. Everyone is on their way back to reality in the coming week. Oh Dear !!!

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  • plato – hello – yes it is spooky quiet.

    My point, if I had one was that big usa twaddle is only going to be bailed out by far east money

    oh piggin deary me – world turned upsidy down!

    or is it round and round?

    back to reality – I don’t think so – I think we will all strive to avoid reality

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