Lehman falls 30+ percent on liquidity concerns
September 9, 2008 by Tisa Silver
Filed under Finance
I don’t make predictions. Well, that’s not true, I just don’t post my predictions. But, I had a feeling about this…
Shares of Lehman Brothers fell as much as 40 percent today after liquidity concerns were raised…again. News emerged that Lehman’s talks with the Korean Development Bank ended (the proposed terms puzzled me from the deal’s inception) and this has brought back fears that the bank is indeed in trouble.
The speculation is too heavy to be completely unfounded. Lehman’s third quarter earnings are expected on September 18.
