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]
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Nuremburg was not related to just the Holocaust, it was all war crimes.
way to play the ethnic cleansing card…
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.
I dunno. I usually thik of that big race track they have – Nurembergring or something to that effect.
#4, are you a skinhead?
He should sell the eyebrow. Maniacal geniuses everywhere would bid on it.
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…..
Lehman should consider selling hamburgers.
@ 6 – fucking excellent. Add dirty pervs to those bidding. And catholic priests (yes, mutually exclusive)
They would still be behind the Shake Shack in the hamburger league tables.
We called ourselves ‘Lehmanberger’ when they first too us over back in 03.
balls paisley
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.
Wow….Fuld looks like a KGB agent on heroin.
Dick Fold…great P-no name. I hear Chuck Beatins and Ponds Jergenson are new hires.
Dick Fold…great P-no name. I hear Chuck Beatins and Ponds Jergenson are new hires.
Dick Fold…great P-no name. I hear Chuck Beatins and Ponds Jergenson are new hires.
Dick Fold…great P-no name. I hear Chuck Beatins and Ponds Jergenson are new hires.
Was that picture taken in the can? He looks like he’s trying to pass a monkey’s arm.
Do you smell what Dick Fuld is cooking? Neubergers.
The only Berger he’s gonna be sellin’ is at Mcdonalds after they toss him out.
Elmer Fuld … is hunt’n wabbit’s…
@#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
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.
Wondering if Fannie and Freddie bonds are now considered Tier 3 capital…and Lehman’s [ex-Neuberger].
@25 – Fannie and Freddie equity maybe but not debt. Leh equity and debt are acquiring that Tier 3 cachet.
LehmanBerger invented the question mark.
@ 24 – Love it!
That’s “Dick” Fuld–I didn’t spend 14 years as CEO of Lehmanberger to be called “Richard,” thank you very much…
That’s Elmer Fuld to you…
Not only am I a customer of Lehmanberger, I’m the Chairman/CEO.
- Elmer Fudd
Elmer,
I want some Mayo on that Berger…
Now Chop Chop with the onions…
hmm…this one shall pass