Also, where the hell is Einhorn this morning? The only acceptable excuse is that he's busy shrinking his lucky sweater five sizes too small and painting his face green for an afternoon appearance on CNBC during which he'll run, unannounced, on to the set in a Hulk-inspired rampage, and flex through the stitching, gloating over a blow up doll dressed to resemble Callan.
Earlier: Greenlight v. LEH
Dick Fuld: "The Bros Always Wins"
As previously mentioned, if one were inclined to relive the fall of Lehman Brothers, one could do so via the bankruptcy documents that were recently made available online. There you'll find, among other things, countless examples of what has been said so many times since September 15, 2008, which is that it's amazing how delusional the people at the very top were, vis-à-vis the firm's solvency/what people thought of it/everything. Also worth marveling at? The fact that Lehman lasted as long as it did with what appear to be barely literate troglodytes running the place. [The following dialogue is re: CITIC considering an investment in a US bank and the suggestion that it is more interested in Bear Stearns.]