Is Lehman going to have to sell itself?

Question

One of the biggest buyers of mortgage backed securities...what say you?

Answer 1

eh, maybe, probably, or get a big cash infusion then watch the stock fall further just like Citigroup, Wells Fargo, Countrywide, and Washington Mutual. If the FED raises rates in Sep, Oct and Jan by 1/4 pt (each time) as FED Funds futures are predicting right now, the other shoe in the credit markets will drop within 6-9 months of the last rate cut.

UBS also holds a high exposure to real estate loans. Yest, 07-01-2008, UBS celebrated their 10th year anniversary of their merger with Swiss Bank. And in honor of that 10 year anniversary, UBS's stock traded at the same price it was on the day of that merger, 10 years ago!

I would not be a buyer. Trader maybe, but not a buy and holder.