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New York Times: The Guys From ‘Government Sachs’ http://www.nytimes.com/2008/10/19/business/19gold.html THIS summer, as he fought for the survival of Lehman Brothers, Richard S. Fuld Jr., its chief executive, made a final plea to regulators to turn his investment bank into a bank holding company, which would allow it to receive constant access to federal funding. Timothy F. Geithner, the president of the Federal Reserve Bank of New York, told him no, according to a former Lehman executive who requested anonymity because of continuing investigations of the firm’s demise. Its options exhausted, Lehman filed for bankruptcy in mid-September. One week later, Goldman and Morgan Stanley were designated bank holding companies. “That was our idea three months ago, and they wouldn’t let us do it,” said a former senior Lehman executive who requested anonymity because he was not authorized to comment publicly. “But when Goldman got in trouble, they did it right away. No one could believe it.” |
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| aus der Diskussion: | Lehman Brothers Chapter 11 -> Auswirkung(en) auf deren Zertifikate |
| Autor (Datum des Eintrages): | manyfulddick (19.10.08 14:08:00) |
| Beitrag: | 1,640 von 2,327 (ID:35621330) |
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