# The fall of Lehman **URL:** \ **Category:** Miscellaneous and Personal Stuff I Must Share\ **Created:** [September 15, 2008, 1:06am UTC](https://boards.straightdope.com/t/the-fall-of-lehman/463634 "2008-09-15T01:06:16Z")\ **Posts on this page:** 7\ **Page:** 1
**Author:** ![Hawkeyeop](https://avatars.discourse-cdn.com/v4/letter/h/958977/32.png) [@Hawkeyeop](https://boards.straightdope.com/u/Hawkeyeop)\ **Post date:** [September 15, 2008, 1:06am UTC](https://boards.straightdope.com/t/the-fall-of-lehman/463634/1 "2008-09-15T01:06:16Z")
Lehman is expected to file bankruptcy momentarily. Merrill Lynch sold to BOA under pressure from the FED. Tomorrow is going to be an interesting day. ---
**Author:** ![anu-la1979](https://avatars.discourse-cdn.com/v4/letter/a/47e85d/32.png) [@anu-la1979](https://boards.straightdope.com/u/anu-la1979)\ **Post date:** [September 15, 2008, 1:13am UTC](https://boards.straightdope.com/t/the-fall-of-lehman/463634/2 "2008-09-15T01:13:02Z")
holy crap. My boyfriend works for ML. He’s upper management so he’ll be okay but _still_. He told me in the worst case scenario he’ll still have his job because the BOA folks are going to want to keep the high producing ibankers. I knew it was bad but he was keeping pretty cool about it-I talked to him right before he got on the flight. No wonder they called him back in to new york. ---
**Author:** ![samclem](https://avatars.discourse-cdn.com/v4/letter/s/a9a28c/32.png) [@samclem](https://boards.straightdope.com/u/samclem)\ **Post date:** [September 15, 2008, 1:25am UTC](https://boards.straightdope.com/t/the-fall-of-lehman/463634/3 "2008-09-15T01:25:34Z")
> [@anu-la1979](#): > > holy crap. > > My boyfriend works for ML. He’s upper management so he’ll be okay but \ You _hope_ . I hope for him and you. But, this is some serious shit. This will not end well. This is unprecedented. It harkens back to the boom/bust cycles in the 1800s. Without the Federal Reserve, the whole US/world economy might have collapsed already. But, hey, stay tuned. :eek: ---
**Author:** ![anu-la1979](https://avatars.discourse-cdn.com/v4/letter/a/47e85d/32.png) [@anu-la1979](https://boards.straightdope.com/u/anu-la1979)\ **Post date:** [September 15, 2008, 1:28am UTC](https://boards.straightdope.com/t/the-fall-of-lehman/463634/4 "2008-09-15T01:28:25Z")
I don’t know what you mean-they do get paid awfully well and he lives so far below his means it’s ridiculous (he’s kind of religious). He could ride out the recession. I don’t depend on him and have the world’s most recession proof job anyway-I’m a fed. I feel much worse for the admins and middle management. I don’t see them firing the analysts and the high producing managing directors but I figure they’ll cull the VPs and cusp-of-director associates etc… That said, obviously this is going to be a big blow. I just called him but he’s still on his flight. ---
**Author:** ![ultrafilter](https://avatars.discourse-cdn.com/v4/letter/u/3d9bf3/32.png) [@ultrafilter](https://boards.straightdope.com/u/ultrafilter)\ **Post date:** [September 15, 2008, 3:13am UTC](https://boards.straightdope.com/t/the-fall-of-lehman/463634/5 "2008-09-15T03:13:14Z")
We are living in interesting times. The good news is that ML and Lehman were not complete surprises, and there doesn’t seem to have been too much going around about any other big banks out there. Here’s hoping there are no more surprises. ---
**Author:** ![jayjay](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/jayjay/32/6765_2.png) [@jayjay](https://boards.straightdope.com/u/jayjay)\ **Post date:** [September 15, 2008, 3:36am UTC](https://boards.straightdope.com/t/the-fall-of-lehman/463634/6 "2008-09-15T03:36:13Z")
The latest news is that [AIG is seeking a bridge loan from the Fed to avoid bankruptcy](http://dealbook.blogs.nytimes.com/2008/09/14/aig-seeks-fed-aid-to-survive/?em). Tonight we’re gonna party like it’s 1929… ---
**Author:** ![Spoke](https://avatars.discourse-cdn.com/v4/letter/s/a88e57/32.png) [@Spoke](https://boards.straightdope.com/u/Spoke)\ **Post date:** [September 15, 2008, 4:33am UTC](https://boards.straightdope.com/t/the-fall-of-lehman/463634/7 "2008-09-15T04:33:58Z")
[Washington Mutual is also in trouble.](http://www.ft.com/cms/s/0/351c23a4-8064-11dd-99a9-000077b07658.html)