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Their stock value is down, but they still are financially solvent. Lehman didn't explode when it fell from $60 to $6, it exploded when it went bankrupt. They're
by FormerBandmate 4y ago
Their stock value is down, but they still are financially solvent. Lehman didn't explode when it fell from $60 to $6, it exploded when it went bankrupt. They're a lot closer to it now then a year ago, however
- twelve40 4y agothey are losing like what, $700 mil a year? with the current cost of capital, probably not solvent for very long.
- FormerBandmate 4y agoYeah, they’re fucked. They’re just not dead (yet)