2008-09-17creditwritedowns.com

"It's done. Core Lehman is sold. Now the rest of the company can be liquidated. Barclays will buy the core assets for a measly $2 billion. For Lehman staff in the US, this has to be a relief. However, staff in London are probably left out in the cold as Barclays sees this operation as redundant." -- $1.5B was for Lehman's real estate alone.


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