AllupInyourBiz

After seeing what a blast it was for Merrill Lynch Execs to eat their optimistic words and auction off a sizable chunk of its bundled mortgages (some for as low as 22% of ledger value), Lehman wants in on the fun.

Lehman purportedly told the NY Post that they are forming plans to dump as much as $30 Billion in commercial mortgage holdings. That should fix things right up. Someone should organize a structured competition between ML and Lehman. First one to unload all of the commercial mortgages from their books wins a Bear Stearns-style acquisition by their choice of Blackstone or HSBC! Sounds exciting.