Lehman Brothers (NYSE:LEH) Acquired by Q3 2008?

• 48%
  accuracy

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The US's fourth largest investment bank, Lehman Brothers, has posted a quarterly loss of $2.8bn, the first for the Wall Street bank since it went public in 1994. It blamed the loss on a series of trades and hedges that went wrong. The bank last week announced it needed $6bn in fresh capital to shore up its finances and demoted two senior directors to lift investor confidence.

Its veteran CEO Richard Fuld is under pressure after an unexpectedly large quarterly loss this week increased the chance that the brokerage firm may be acquired. In short of cash flow, will the bank be acquired by Q3 2008?

Lehman Brother shares have fallen 60% this year. Share price on Google: http://finance.google.ca/...

Community Prediction in Chance

Community Accuracy:  48%

Top Predictor:   Homer (100% Accuracy)

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Rank Accuracy A >= 90% B >= 80% C >= 70% D >= 60% E >= 40% F < 40%

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	ZiiValue (chance)	Answer	MyValue (0% to 100% chance)	Possible Outcomes
	53%			Yes
	47%			No

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