Reuters reports that woodland creature Dick Bove may have been on to something yesterday when he upgraded Lehman Brothers to a buy due to a possible takeover. A spokesman from state-run Korea Development Bank confirmed today that they are "studying a number of options and are open to all possibilities, which could include (buying) Lehman."
Bove told CNBC this morning that Fuld has taken too long to figure out what to do with the place and "if something doesn't happen this weekend, game on." He also noted that, unlike The Brow, John Thain has been doing a great job at Merrill Lynch. So that's nice. Humanity and all that.
KDB says buying Lehman a possibility [Reuters]
Posted by guest , Aug 22, 2008 10:00AM
Koreans running an investment bank.....................give me a break.
Posted by guest , Aug 22, 2008 10:05AM
Bove told CNBC this morning that Fuld has taken too long to figure out what to do with the place and "if something doesn't happen this weekend, game on."
- wonder what that means
Posted by guest , Aug 22, 2008 10:08AM
Is that North Korea or South Korea?
Posted by guest , Aug 22, 2008 10:29AM
How much was BSC up on the Friday b/f JPM's $2 bid?? Bueller?
"If something doesn't happen this weekend....." That sounds like an entity that should be paid up for.
Posted by guest , Aug 22, 2008 10:55AM
Loved the "woodland creature" remark.
Posted by guest , Aug 22, 2008 11:28AM
Dick Bove was such a convincing Ewok in Star Wars
Posted by guest , Aug 22, 2008 12:10PM
Bess - any chance you could put a picture of one of the Ewoks up instead of Bove for your next post on him? Or maybe a side by side?
Posted by guest , Aug 22, 2008 12:11PM
@7-- he looks like an ewok so it's not necessary.