Failblog – Job Loss Consoling Fail
[ Sheron ]
Lehman Brothers suffering a spectacular downfall, stock at 1 point sold for $67.00 Dollars a share. Right now, its just trading at $3.65 a share. CNN Allan Chernoff, joins us at a closer look at what it means for your money. He’s live outside the Lehman Brothers Headquarters in New York, and All that’s where we saw those pictures ah, of all morning long, of people yesterday, literally packing up their “lifes – work” and um, carrying it out in a box.
[ CNN Allan Chernoff ]
Sheron, this is absolutely stunning, Wall-street has seen very very few days like this, the mortgage crisis has no taken down tow of the biggest names, the most storied names on Wall-street. One of them is Lehman Brother’s right behind me, the parent company of Lehman Brother’s filling for bankruptcy as the subsidiaries basically wined down or Lehman tries to sell them off.
Look Behind the Reporter – Failblog – Job Loss Consoling Fail
In addition, huge, huge news, beyond Lehman Brothers which is not the biggest shock this morning by the way, Merrill Lynch selling itself to Bank Of America.
Allan Chernoff, down there in from of Lehman Brothers this morning, thanks for being with us. You, know, Allan didn’t notice this probably, but of course, but our television viewers did to guys. Obviously, trying to make light of a bad situation. Pretending to console each other out there. But ah, there were many different reactions. Christine Romans joins us with more of this, a lot of people expected it, and their were others who were simply devastated.
Christine Romans And those are some Wall-street classic pranks this morning, but.
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