Totally Unfounded Rumors: Morning Edition

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A source close to the matter indicates that Lehman Brothers had retained service providers to facilitate "massive asset sales" as early as mid-August. This may or may not mean anything, as firms facing even a possibility of bankruptcy often prepare contingency plans early, but it would be interesting to go back and look at Lehman's public comments in that timeframe. It could also be that "massive asset sales" were contemplated at Lehman before bankruptcy was considered a possibility. Either way, its unusual that the contract language for these providers didn't change by so much as a comma in the days before Lehman filed. Or it could all be bunk. Just saying, is all.

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