Charlie Gasparino reports that Lehman Brothers may be taking UBS analyst Glenn Schorr's advice to sell at least part of its Neuberger Berman asset management unit (which, and swear I'm not making this a Holocaust thing, I always hear in my head as "Nuremberg" and I know you do too). Selling the entire thing could make Lehman around $8 billion, which would be nice for the cash but would also mean parting ways with a stable source of revenue, something ratings agencies might have a problem with, points out CG. I know what you're all thinking and while I can't get into the specifics, nobody panic. I have it on good authority that while some iteration of this deal may in fact go through, Lehman is still seriously considering our proposal to short itself in the prime brokerage accounts of certain hedge funds, collect the winnings and then blame said evil short sellers for the inevitable fall to zero. Weight off your shoulders, etc, I know.
Lehman Mulls Sale of Neuberger [CNBC]
Posted by guest , Jul 25, 2008 10:30AM
Nuremburg was not related to just the Holocaust, it was all war crimes.
Posted by guest , Jul 25, 2008 10:31AM
way to play the ethnic cleansing card...
Posted by guest , Jul 25, 2008 10:35AM
The Nuremberg Trials were a series of trials most notable for the prosecution of prominent members of the political, military, and economic leadership of Nazi Germany. so the holocaust would fall under that, genius.
Posted by guest , Jul 25, 2008 10:37AM
I dunno. I usually thik of that big race track they have - Nurembergring or something to that effect.
Posted by guest , Jul 25, 2008 10:38AM
#4, are you a skinhead?
Posted by lift all the offers , Jul 25, 2008 10:39AM
He should sell the eyebrow. Maniacal geniuses everywhere would bid on it.
Posted by guest , Jul 25, 2008 10:41AM
Fuld has gotta be counting the days right
about now right? They should just call this firm Exxon Valdez Capital or Titanic Brothers. Its only a matter of time, good riddance arrogant pricks! Soup line forms to the left.....
Posted by guest , Jul 25, 2008 10:49AM
Lehman should consider selling hamburgers.
Posted by guest , Jul 25, 2008 10:53AM
@ 6 - fucking excellent. Add dirty pervs to those bidding. And catholic priests (yes, mutually exclusive)
Posted by guest , Jul 25, 2008 10:53AM
They would still be behind the Shake Shack in the hamburger league tables.
Posted by guest , Jul 25, 2008 11:02AM
We called ourselves 'Lehmanberger' when they first too us over back in 03.
Posted by HAM05 , Jul 25, 2008 11:02AM
balls paisley
Posted by guest , Jul 25, 2008 11:22AM
Fuld would make a great villian in a marvel comic book story. He is truly freaky to look at.
Would they even be able to stay independent if they sold neuberger?
I contracted lymes disease and it's causing balls paisley on my face.
Posted by guest , Jul 25, 2008 11:23AM
Wow....Fuld looks like a KGB agent on heroin.
Posted by guest , Jul 25, 2008 11:29AM
Dick Fold...great P-no name. I hear Chuck Beatins and Ponds Jergenson are new hires.
Posted by guest , Jul 25, 2008 11:29AM
Dick Fold...great P-no name. I hear Chuck Beatins and Ponds Jergenson are new hires.
Posted by guest , Jul 25, 2008 11:30AM
Dick Fold...great P-no name. I hear Chuck Beatins and Ponds Jergenson are new hires.
Posted by guest , Jul 25, 2008 11:30AM
Dick Fold...great P-no name. I hear Chuck Beatins and Ponds Jergenson are new hires.
Posted by guest , Jul 25, 2008 11:31AM
Was that picture taken in the can? He looks like he's trying to pass a monkey's arm.
Posted by guest , Jul 25, 2008 11:49AM
Do you smell what Dick Fuld is cooking? Neubergers.
Posted by guest , Jul 25, 2008 11:50AM
The only Berger he's gonna be sellin' is at Mcdonalds after they toss him out.
Posted by guest , Jul 25, 2008 12:29PM
Elmer Fuld ... is hunt'n wabbit's...
Posted by Anal_yst , Jul 25, 2008 12:44PM
@#5
unless a previous comment got deleted, I'm wondering how the Nurburgring, which is an incredible racetrack where virtually every automaker worth its weight in sh!t tests its cars, is a skinhead comment
Posted by guest , Jul 25, 2008 12:49PM
My childhood was typical: summers in Rangoon, luge lessons. In the spring, we’d make meat helmets. When I was insolent, I was placed in a burlap bag and beaten with reeds. Pretty standard, really.
Posted by guest , Jul 25, 2008 1:08PM
Wondering if Fannie and Freddie bonds are now considered Tier 3 capital...and Lehman's [ex-Neuberger].
Posted by guest , Jul 25, 2008 1:12PM
@25 - Fannie and Freddie equity maybe but not debt. Leh equity and debt are acquiring that Tier 3 cachet.
Posted by guest , Jul 25, 2008 2:21PM
LehmanBerger invented the question mark.
Posted by guest , Jul 25, 2008 2:31PM
@ 24 - Love it!
Posted by guest , Jul 25, 2008 2:36PM
That's "Dick" Fuld--I didn't spend 14 years as CEO of Lehmanberger to be called "Richard," thank you very much...
Posted by guest , Jul 25, 2008 2:38PM
That's Elmer Fuld to you...
Posted by guest , Jul 25, 2008 2:40PM
Not only am I a customer of Lehmanberger, I'm the Chairman/CEO.
- Elmer Fudd
Posted by guest , Jul 25, 2008 2:47PM
Elmer,
I want some Mayo on that Berger...
Now Chop Chop with the onions...
Posted by guest , Jul 25, 2008 4:25PM
hmm...this one shall pass