photo by camshafter
Quote for the day:
"They raised billions of dollars they said they didn't need to replace losses they said they didn't have."
- David Einhorn of hedge fund Greenlight Capital on Lehman Brothers
Quote for the day:
"They raised billions of dollars they said they didn't need to replace losses they said they didn't have."
- David Einhorn of hedge fund Greenlight Capital on Lehman Brothers
Lehman Brothers on Monday sold $6 billion of stock and convertible securities to strengthen its balance sheet as the company prepares to post a $2.77 billion quarterly loss.
Pending home resales jumped 6.3% in April after a 1% drop in March. This was the biggest jump since 2001 after being at the lowest level on record last month. Sphere: Related Content
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