Reader comments at The New York Sun - The Lehman Blame Game Gets Rolling

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The Lehman Blame Game Gets Rolling

Submitted by AL, Sep 16, 2008 15:17

I don't get it. Firms go bankrupt because their cash flow runs out, not because their share price goes down or their income is negative. Why the heck did Lehman declare bankruptcy if it didn't even tap into the Fed Window that was available? Sincerely, investor who lost a ton

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Other reader comments on this article

Comment	By	Date
AL: Interest income no longer covers interest expense. Happens when rates rise, the payors default on mortgages and pay less,... [MORE]	Joachim Schnabel	Sep 16, 2008 19:05
To anybody who is familiar with how "the game" is played on Wall Street, John Thain's agility in the midst... [MORE]	Brendan	Sep 16, 2008 18:45
I don't get it. Firms go bankrupt because their cash flow runs out, not because their share price goes down...	AL	Sep 16, 2008 15:17
When all the so-called "intellectuals and experts" get done with their guessing as to why this mess occurred, there will... [MORE]	Porterhouse	Sep 16, 2008 10:52
I have a handout (now a classic), dated February 2005, by Rick Rieder, then one of Lehman's chief strategists. He... [MORE]	Joachim Schnabel	Sep 16, 2008 07:52

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The Lehman Blame Game Gets Rolling