LEH Trading Partner Too Big To Let LEH Fail

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So a spokesman for Pimco claims the bond fund continues to trade with Lehman Brothers and Alan Schwartz called from Disneyworld to say nothing is fucked but I needed a little more assurance, the kind that rides in on a Zamboni machine, to allay my fears (I really am worried about all this!) and here it is: according to SAC Capital spokesman Johnathan Gasthalter, rumors that the Stamford-based shark tank had stopped taking counterparty risk are "absolutely false" and SAC "is continuing to do business as usual with Lehman."
Lehman Hit by Rumors of Firms Cutting Off Trading [CNBC]

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