Monday, November 26, 2012

Rotted Corpse of Lehman Brothers Is Still Making Deals




New York Magazine’s Kevin Roose writes: You might think that Lehman Brothers would have a hard time making money in 2012, what with having gone out of business and all.
But, like Wesley in the Princess Bride, the bank was only mostly dead after its 2008 bankruptcy. And today, it proved that it could still summon the old Dick Fuld fightin' spirit to get a deal done, with a $6.5 billion sale of Archstone, a real-estate developer owned by the zombie bank's estate.
Archstone, which owns apartment complexes across the U.S. and Europe, is widely regarded as one of the primary reasons that Lehman died in the first place…..

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