AllupInyourBiz » CMBS http://www.allupinyour.biz There is always something to complain about Wed, 18 Mar 2009 18:53:18 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Lehman playing ML copycat http://www.allupinyour.biz/2008/08/lehman-playing-ml-copycat/ http://www.allupinyour.biz/2008/08/lehman-playing-ml-copycat/#comments Fri, 01 Aug 2008 15:05:28 +0000 Ted Swenson http://www.allupinyour.biz/?p=129 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.

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