ArchivesLehman Brothers for sale on Ebay
I never thought that some day I will witness Bear Stearns being bought for $10 per share, Merrill Lynch acquired by the Bank of America, and lehman Brothers shopped on Ebay. The price is $99,999,999.00 with an option of no payments until 2009 with Ebay Master Card. Meanwhile, some “entrepreneurs” are already attempting to make a quick buck on Lehman’s misfortune by selling a web domain www.falloflehman.com. So, far the highest bid is $1025.00
All jokes aside, it seems that this credit crunch signals the end of traditional banking and financial thinking. And it also proves that the Wall Street is not for the faint of a heart
September 15th, 2008 at 8:52 am
wow…
September 15th, 2008 at 2:33 pm
Hey, Ebay pulled hte auction pretty quickly, but the Q&A was hilarious. The “seller” answered all the questions just perfectly.
Take a look at my archive (for historical purposes of course: http://dan.matan.ca/Lehman-Brothers-US-Brokerage-Bank-Auction-On-Ebay-Joke
Here’s a sample:
Q: What is your position on value derivatives?
A: your guess is as good as ours that’s why we are motivated sellers at this point
September 15th, 2008 at 3:16 pm
The auction got pulled Monday morning (I guess Ebay doesn’t work/pull auctions on weekends), but I managed to archive it at around 3am on Monday morning
Here it is, with scatching+witty Q&A from potential “buyers” and “seller”.
http://dan.matan.ca/Lehman-Brothers-US-Brokerage-Bank-Auction-On-Ebay-Joke
September 15th, 2008 at 7:35 pm
Hey Man, the link does not work…
September 15th, 2008 at 9:52 pm
Sorry, having server issues… Can’t get in contact with my brother to do the reboot.
I’m grrrrrr-ing as well.