Lehman simply can’t quit Mark Walsh. Even though the former head global head of real estate helped bring down the firm through a series of ruinous transactions, Lehman’s estate selected a group headed by Walsh and several of his colleagues to manage the real estate focused PE arm he previously oversaw, Lehman Brothers Real Estate Partners. Adding credibility to this decision is the Federal investigation into whether or not Walsh’s team improperly valued Lehman’s CRE holdings to bolster the firm’s sheet and a civil suit on behalf of New Jersey pension funds claiming Walsh and his team defrauded them by misrepresenting Lehman’s real estate portfolio.
Lehman Property Boss Returns [WSJ]
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Why not? Geithner rode this bitch all the way down at the NY Fed and look what that did for him. I hope Walsh negotiated a huge retention bonus too. The truth is, these people have the institutional knowledge and are indispensible to the future of the world.
In America, you do what you have to do to compete because everyone else is doing it.
~S. Sosa
Greg, you should take steroids. It might help.
When you input “Mark Walsh” into Google Images, this is what you get: http://www.brisbanetimes.com.au/ffximage/2008/06/11/470fatman2,0.jpg
Need more venom, Greg
@4
That would be manuel uribe (sp?) world’s fattest man
If they hire Mazzei back from BarCap to manage the CMBS effort, that would complete the Unholy Resurrection.