The Collapse of Lehman Brothers | Lawrence and Larry | 1
Business Movers
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How to Protect Leman's Balance Sheet
Leman vice president, lawrence macdonald shares a meal with managing director alex kirk. Lawrence was all but certain that new century was over exposed in sub-prime mortgages. He didn't have the full picture so decided to fly out west and see it for himself. Rumors were still swirling that leman might try to acquire the mortgage company new century. Leman short on beezer usa didn't ruffle too many feathers at leman because, one, it made money, and two, it was a bet against a construction company, not the of the problem mortgages.
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