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Lehman slides 9% despite denial of market talk Renée Schultes and Stephanie Baum 28 Mar 2008 Lehman Brothers was yesterday prompted onto the increasingly familiar territory faced by several financial institutions, in publicly acting to quash market speculation about its liquidity position, which wiped almost 9% off its share price yesterday. In a statement Lehman Brothers said: “There are a lot of rumors in the marketplace that are totally unfounded. We are suspicious that the rumors are being promulgated by short-sellers of our stock that have an economic self-interest.” Statements aside, Lehman Brothers closed down 8.9% at $38.71 yesterday. At...

Monday, 17 March 2008 Major financial news and emergency Fed meetings on a Sunday? If you had any doubts about how serious the Panic of 2008 is going to be, this should start hinting at how deep we've gotten. Watch Lehman Brothers this week - the brokers are selling it before the market even opens. Early on Sunday (3-16-08) the details of the JP Morgan acquisition of Bear Stearns were released: $220 million, $2 per share. This is pennies on the dollar - or at least the dollars that Bear was claiming to have just a few days ago. Many...

Lehman Brothers Holdings Inc. Monday said the bank's liquidity position remains strong, as the fire sale of Bear Stearns to J.P. Morgan to prevent bankruptcy increased speculation that other big U.S. brokerages would come under pressure. "Our liquidity position is and continues to be strong," said Matthew Russell, head of corporate communications for Lehman Brothers Asia Pacific. His statement came after people familiar with the situation said DBS Group Holdings, Southeast Asia's biggest bank by market capitalization, has asked several traders not to enter new transactions with Lehman Brothers.

Lehman Brothers Holdings Inc (NYSE:LEH - News), the Wall Street investment bank, is laying off 5 percent of its work force, or about 1,430 people, because of difficult market conditions, a person briefed on the matter said on Monday. The cuts are being made across all divisions and regions, and employees affected are being notified on Monday, the person said. Lehman employed about 28,600 people as of November 30, 2007, according to the company's most recent annual report. The bank declined to comment. Before Monday, Lehman had eliminated close to 4,000 jobs in the last year. Many were in mortgage...

Russia appeared to be a real El Dorado for foreign bankers: according to Bloomberg Agency, the amount of money they earn exceeds that of their colleagues working in the USA several times, up to US$7 million a year. The Agency takes as examples Ed Kaufman, who left UBS, financial services company, to head Russian Alfa Bank, and Nicholas Jordan, who is going to manage the Moscow department of Lehman Brothers Holdings Inc. New York top managers of the same level earn on average $2-3 million a year and it is interesting that bonuses make the biggest part of their income.

The Chairman of the 9/11 Commission, Thomas Kean, as well as Commissioner John Lehman, were George Stephanopoulos’s guests on ABC’s “This Week” Sunday, and they both spoke out strongly in favor of the upcoming miniseries “The Path to 9/11” As the discussion ensued, John Lehman brilliantly offered the following:if you don't like the hits to the Clinton administration, well, welcome to the club. The Republicans have lived with Michael Moore and Oliver Stone and most of Hollywood as a fact of life. Yet, maybe the finest moment of Sunday’s program was the following statement made by ABC’s George Will during...

Preview and Analysis of the Weekend Talk Shows for 9/9 and 9/10/2006The fifth anniversary of 9/11 is Monday, and the drive by media wants to make sure you know what you are supposed to think.  They also really don't want you to get a chance to hear any other versions of the 9/11 narrative that might raise questions about their approved one.Meet the press has Vice President Dick Cheney ("for the first time in three years" - gee I wonder why?) for the "full hour" (not counting commercials, promos, asides, other business, etc., etc.).  The drive by media is beginning...

9/11 Commissioner former Navy Secretary John Lehman said Monday that President Bill Clinton's decision not to accept Sudan's offer to extradite Osama bin Laden to the U.S. in 1996 was probably the biggest blunder in the war on terrorism. Reacting to NewsMax.com's audiotape of Mr. Clinton admitting he turned down the Sudanese, Secretary Lehman told radio host Sean Hannity, "[Clinton's comments offer] a very good insight into the overall policy during the Clinton administration, which was essentially dominated by lawyers [who treated bin Laden] as a law enforcement, not a foreign policy or a prevention issue." Asked if it was...

The 9-11 Commission: gone but not, the commissioners hope, forgotten. Not content to rest on their laurels, after the Commission "disbanded as a government entity" last year, the 10 commissioners believed so strongly in the need for continued public discussion about terrorism that it formed the 9/11 Discourse Project. So the commissioners keep on ticking, like the Energizer Bunny, although without an official charter. This week, the group started a series of eight public hearings this week called "The Unfinished Agenda" which are designed to assess government progress in implementing Commission recommendations. Why? In the words of Vice Chairman Lee...

Ernest Lehman, 1915-2005 I happen to be writing this on board ship, in a little café, at a table by the window, with an idle eye on any glamorous women passing by. And as always in such settings I think of North by Northwest, which contains the all-time great strangers-on-a-train/ships-in-the-night scene. In a lifetime’s travel, everyone should have a North by Northwest moment: on the Twentieth Century train to Chicago, Cary Grant walks into a crowded dining car and is seated opposite Eva Marie Saint, the coolest of cool blondes. The conversation starts out quietly smouldering and heats up from...

An ex-legal assistant at a Lehman Brothers subsidiary is accusing her high-level bosses of sexual harassment that included humiliating remarks and slaps on the butt. Maria Piccolino, 30, has sued Lehman Brothers, claiming she was fired in March from her $67,000 job at Neuberger Berman as retaliation for complaining about locker-room comments made by the firm's chief administrative officer, deputy general counsel and a managing director. Piccolino, who worked for less than a year at Neuberger, also alleges unwanted physical advances by the firm's director of compliance and by a trader. Lehman Brothers called the lawsuit "baseless and wholly without...

Ernest Lehman, a noted Hollywood screenwriter whose work included classic films of the 1950's and 60's like "North by Northwest," "Sweet Smell of Success" and "The Sound of Music," died on Saturday in Los Angeles. He was 89 and lived in Los Angeles.The apparent cause was a heart attack, his wife, Laurie, said.One of the best-known screenwriters in Hollywood in the postwar years, Mr. Lehman worked with many of the most prominent directors of the period, including Alfred Hitchcock and Billy Wilder. A master of adaptation, he wrote or was a co-writer of film scripts for several Broadway musicals, including...

...After intense work, Sens. Joe Lieberman, John McCain and Susan Collins have introduced comprehensive legislation that differs on only a few matters with the Commission recommendations. The Senate leadership has pursued the same bipartisan course that enabled the Commission's five Democrats and five Republicans to achieve unanimity on comprehensive and decisive findings and reform recommendations. The House is following suit with somewhat different legislation and there is no reason now why differences cannot be resolved in a Senate-House Conference and a landmark bill presented to the president before the election recess. This accomplishment, to paraphrase Mark Twain, will gratify our...

President Bush is expected to name the first director of U.S. intelligence as early as this week part of the changes resulting from the Sept. 11 commission. The White House has been silent on the appointment, but some administration and intelligence officials said a leading candidate is John Lehman, a Republican member of the Sept. 11 commission and former Navy secretary.However, more than a dozen intelligence professionals interviewed by the Boston Globe said the commission recommended changes do not address the system's biggest problems: a lack of accurate intelligence coming in from the field and a shortage of skilled analysts....

The following is posted on Drudge right now: Names of people being vetted by the White House for the new position of Director of National Intelligence: DCI Porter Goss Gov Tom Kean General Michael Hayden John Lehman Sen. Joe Lieberman Rep Pete Hoekstra Rep Jane Harman...

The purpose of FreeRepublic.com's multiple message boards is to limit the topics for each board to particular topics. Posting the same message on all the boards defeats the purpose of multiple-boards for special topics. It is very annoying to see the same message on every bulletin board. PLEASE! DO THE READERS A FAVOR. STOP CROSS-POSTING YOUR MESSAGES!

Very good story on Bank of America's involvement in the Enron case. Also, some info on Citibank. Go to the following link and read: Click here for very good story on Enron, Bank of America and Citibank.

The U.S. Navy has launched a new probe into Sen. John Kerry's Silver Star citation, after the Navy Secretary whose signature appears on the document said he never signed the award. "It is a total mystery to me," former Navy Secretary John Lehman told the Chicago Sun-Times in August. "I never saw it. I never signed it. I never approved it. And the additional language it contains was not written by me," he complained. The Lehman document is the last of three versions of Kerry Silver Star citation that have been posted to Kerry's campaign website. On Friday, Navy Inspector...

WASHINGTON, Sept. 13 - The Bush administration said Monday that it disagreed with a major recommendation of the Sept. 11 commission and that the president did not want officials of the C.I.A., the F.B.I. and the Pentagon to serve in the inner circle of a new national intelligence director. The position was disclosed in Congressional testimony by Secretary of State Colin L. Powell. He said President Bush thought "that we need clear lines of authority" and that it would be a mistake to have officials who "report to two different masters." Mr. Powell's testimony was the first time the administration...

Two other citations omit any mention of the killing. One was signed by Admiral John J. Hyland, commander in chief of the Pacific Fleet, and the other was signed by Secretary of the Navy John Chafee. Both those citations say Kerry attacked his first set of ambushers and that "this daring and courageous tactic surprised the enemy and succeeded in routing a score of enemy soldiers." Later, 800 yards away, Kerry's boat encountered a second ambush and a B-40 rocket exploded "close aboard" Kerry's boat. "With utter disregard for his own safety, and the enemy rockets, he again ordered...

Recently the controversy over John Kerry's medals began to bubble and sound deep doom noises like Krakatoa preparing to rock the seas. We now know there are at least three separate citations in official Navy records for a single award of the Silver Star. The citations are separated in time by well over a decade, and the latest citation shows the signature of a former Secretary of the Navy who cannot remember signing it. Moreover Kerry has only agreed to release some of his official records, creating acute interest in the mysterious remainder he has kept hidden. What is going...

Sen. John Kerry's campaign biographer Douglas Brinkley said Sunday that if an ongoing Navy investigation into Kerry's military decorations turns up evidence of "purposeful" deception, it could spell doom for the top Democrat's White House bid. Praising reporter Thomas Lipscomb, who broke news of the Navy investigation on Friday, Brinkley told WABC Radio's Steve Malzberg, "Journalists are going to have to see whether there's a discrepancy on [the citations posted to Kerry's] web site - whether there's something wrong that's said there or not." "If so," said the "Tour of Duty" author, "Kerry would have to fix it immediately -...

JOHN FORBES KERRY SILVER STAR CITATION REVISIONS - FULL TEXTS "The Incredibly Shrinking Silver Star" NOTES Zumwalt Original Hyland Revision Lehman Revision HEADING: Aside from the differences in the issuing authority and minor punctuation, Kerry's middle name is shortened in the final revision to the initial "F." which more resembles Kerry's hero, John F. Kennedy. COMMANDER UNITED STATES NAVAL FORCES VIETNAM The President of the Unites States takes pleasure in presenting the Silver Star Medal to JOHN FORBES KERRY LIEUTENANT JUNIOR GRADE UNITED STATES NAVAL RESERVE for service as set forth in the following: CITATION COMMANDER IN CHIEF UNITED...

Kerry citation a 'total mystery' to ex-Navy chief August 28, 2004 BY THOMAS LIPSCOMB Former Navy Secretary John Lehman has no idea where a Silver Star citation displayed on Democratic presidential nominee John Kerry's campaign Web site came from, he said Friday. The citation appears over Lehman's signature. "It is a total mystery to me. I never saw it. I never signed it. I never approved it. And the additional language it contains was not written by me," he said. The additional language varied from the two previous citations, signed first by Adm. Elmo Zumwalt and then Adm. John Hyland,...

While researching Kerry's medal controversy found that the page(s) on his website re the document for his bronze star that was signed by Lehman (Secy of the Navy 81-87) is now blank. On terpsboy.com found a link to KerryEdwards site for the Silver Star cerificate signed by John H. Hyland and then a SECOND certificate signed by Lehman. This link also shows a blank page on the KerryEdwards site. Is this info still on KerryEdward site and I just can't find it? Are those medals in Kerry's office the original? If so why anything signed by Lehman?

Tarnished silver? Uneven military service records have proved toxic to John Kerry's campaign for president, prompting him to post his full military record on his Web site (www.johnkerry.com) for critics to peruse. But one sharp-eyed Washington Times reader -- a former B-52 pilot and U.S. Air Force colonel -- isn't buying Mr. Kerry's pre-emptive strike.

"...We are currently in a war, but it is not a war on terrorism. In fact, that has been a great confusion, and the sooner we drop that term, the better. This would be like President Franklin Roosevelt saying in World War II, "We are engaged in a war against kamikazes and blitzkrieg." Like them, terrorism is a method, a tool, a weapon that has been used against us.

... All this sounds plausible on the surface. Bring all these cats and dogs under one master. Maybe they will do a better job than they do now of communicating with each other, so that the sum of their knowledge about terrorism suspects can be acted upon. This would require a massive upgrading and linkage of their separate and often appallingly obsolescent computer networks. But who knows, maybe with enough new organization charts one of these days the government will get itself organized. But one wonders. A new department, Homeland Security, was created under Secretary Tom Ridge only two years...

POST 9/11, the U.S. Department of Transportation is more concerned about political correctness than air safety. They've even issued a statement saying that ethnicity, religion and appearance are not factored into who gets pulled out of airport security lines. (Somewhere in hell 19 guys are cheering.) The DOT pronouncement is the latest chapter in my inquiry into why those with nothing in common with the 9/11 hijackers are routinely pulled from airport security lines and subjected to random, heightened screening. My 8-year-old son got flagged when we flew to Florida for spring break. Strange, he sure doesn't look like any...

Michael asks the DOT for a copy of a statement he has learned that they have written regarding his initial column about John Lehman’s questioning of Condoleezza Rice in the 9/11 Commission. The DOT: In a recent column, a member of the 9/11 Commission was incorrect in telling your newspaper that the Federal Aviation Administration used a quota restricting the number of foreign passengers that could be subjected to secondary screening at one time. Despite the testimony from current and former airline executives cited in your column, secondary screening of passengers is random or behavior based. It is not now,...

As President Bush was appearing at a news conference on Tuesday night, the two leaders of the independent commission investigating the Sept. 11 attacks were not behind closed doors dissecting intelligence documents. They were sitting at a CNN studio here waiting to go on "Larry King Live." One of them, Thomas H. Kean, the former New Jersey governor who is the commission's chairman, said he and his colleagues were so determined to be credible with Americans that they decided early on to conduct themselves in a very public manner. "We made a conscious decision, and part of it was under...

WASHINGTON, D.C. THE WITNESS was being grilled - grilled big-time. But Claudio Manno wasn't about to flinch. No sir. As one of many federal bureaucrats who oversaw U.S. attempts to keep terrorists off airlines, Manno was asked at last week's Sept. 11 Commission hearings about an obvious problem in the way America kept watch over these potential killers in the months leading up to the attacks. Why don't federal agencies share terrorist information? The moment, though brief and almost lost amid two days of intense hearings, underscores a central question if the commission, headed by former Gov. Tom Kean, tries...

Shortened expulsion angers victim's momL-L teens found delinquent in assault of Adam Harris return to school today.By KALEN CHURCHER and BONNIE ADAMSkchurcher@leader.net, badams@leader.net LEHMAN TWP. - Candy Harris said she is angry and surprised the Lake-Lehman School Board allowed four students who injured her son to return to school five weeks early. "I just can't believe it," Harris said Tuesday. She said Co-Principal Michael Gokay told her Tuesday morning about Monday's closed board meeting and that the teens will return to school today instead of mid-January. She said her family had no input in the decision. "Everyone wants us to...