Under the Chapter 11 reorganization plan proposed by the company, Lehman sought authority to create an asset manager business called LAMCO that would specialize in management of Lehman’s commercial real estate, mortgages, principal investments, private equity, corporate debt and derivatives assets.
Lehman said LAMCO would provide management services to Lehman, administer its assets and offer long-term employment opportunities for the hundreds of Lehman employees working to liquidate the former investment bank’s estate.
Lehman plans to end bankruptcy, create new company [Reuters]
For the avoidance of any doubt, this is a non-story written by a non-financial blogger.
For the avoidance of any doubt this (comment 1) was a tool-ish comment written by a dbag who hates his life.
UBS Sucks
LAME-O is right.
@4 Oh No, one single post bored you, whatever shall we do. (hint: skip over it, douche.)