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
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.