Yves Smith
One of my buddies who must go unnamed because he is involved in the Lehman bankruptcy told me many months ago that the unwinding was going to cost over $2 billion. A new story at Bloomberg suggests that his prediction is on track. The costs of various advisors to the Lehman estate in now in excess of $1.6 billion, and it ain’t over.
Read more: http://www.nakedcapitalism.com/2012/01/advisors-pick-the-lehman-carcass-bankruptcy-on-its-way-to-2-billion-in-fees.html
One of my buddies who must go unnamed because he is involved in the Lehman bankruptcy told me many months ago that the unwinding was going to cost over $2 billion. A new story at Bloomberg suggests that his prediction is on track. The costs of various advisors to the Lehman estate in now in excess of $1.6 billion, and it ain’t over.
Read more: http://www.nakedcapitalism.com/2012/01/advisors-pick-the-lehman-carcass-bankruptcy-on-its-way-to-2-billion-in-fees.html
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