Tuesday, June 3, 2008

Lehman Counterparty Rumor or Reality?

We don't "do" rumors in the 'Ville but we'd be remiss if we didn't pass along our ears to ye faithful.

The chatta--and it's just that, unconfirmed chatta--is that counter-parties are "pulling a Bear" on Lehman Brothers (LEH). In other words, the "rumor becomes reality" scenario is making it's way around the trading wires.