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The Lehman Bankruptcy Docs (Buy LEH!)
Posted By Barry Ritholtz On April 30, 2012 @ 2:17 pm In Bailouts,Really, really bad calls | Comments Disabled
How awesome is this treasure trove of emails, documents, files  et. al placed online by the NY Fed?
Some of the emails between Lehman execs are laughable — naive, silly, hubristic, childish.
But my favorite piece simply has to be the Morgan Stanley research report from June 30 2008 “Overweight Rating” on Lehman Brothers — “Bruised, Not Broken, Poised for Profitability “. 60 days later, Lehman Brothers filed what was thent he largest bankruptcy in the United States. This is (literally) what the category “Really Really Bad Call” was invented for.
Who was the author of this steaming piece of shit, and where is he today? Why, he is Patrick Pinschmidt , and he is a Senior Policy Advisor at U.S. Treasury Department! (You could not make up stuff this un-fucking-believable even if you tried).
Total awesomeness! (Hat tip Josh )
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2012/04/the-lehman-bankruptcy-docs/
URLs in this post:
 treasure trove of emails, documents, files: http://www.jenner.com/lehman/docs/
 Bruised, Not Broken, Poised for Profitability: http://www.jenner.com/lehman/docs/frbny/FRBNY%20to%20Exam.%20027135-027158.pdf
 Patrick Pinschmidt: http://www.linkedin.com/profile/view?id=55437323&authType=OPENLINK&authToken=C2_w&locale=en_US&srchid=64a108c6-1a26-4caf-b4b8-6f818836d52b-0&srchindex=4&srchtotal=10&goback=.fps_PBCK_*1_+_Pinschmidt_*1_*1_*1_*1_*2_*1_Y_*1_*1_*1_false_1_R_*1_*51_*1_*51_true_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2&pvs=ps&trk=pp_profile_name_link
 Josh: http://www.thereformedbroker.com/
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