Wednesday, July 22, 2009

LEHMAN GOING OUT OF BUSINESS SALE


NYT--At Lehman Brothers, everything must go! That seems to be the motto for the fallen Wall Street investment bank these days, as it seeks to generate funds for creditors.

To that end, Lehman has opened “thelehmanstore” on eBay to unload $1.5 billion in leftover corporate merchandise, that in the past would have gone to clients, The New York Post noted.

Nostalgic buyers can pick up items ranging from the apparently incongruous — a Lehman Brothers silver-plated baby rattle, priced at $14.99 — to the old school Lehman Brothers canvas tote bag, going for $24.99.

Other items being hawked by the firm include Dick Fuld's personal collection of Rubber Pencils, Plastic Swords and Rockem Sockem Robots, Dick Fuld's office fan (Lehman's only fan on Wall Street), Lehman branded condoms (CDOs) and copies of the Lehman Annual Report autographed by the Gorilla himself.
DURABLE CDO

ANNUAL DISTORT
Lehman Exotic Credit Derivatives
"Only Fan on Wall Street"

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