{"id":758,"date":"2008-06-13T12:25:21","date_gmt":"2008-06-13T16:25:21","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=758"},"modified":"2008-06-13T12:25:21","modified_gmt":"2008-06-13T16:25:21","slug":"lehmans-private-letter-to-limited-partners","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2008\/06\/13\/lehmans-private-letter-to-limited-partners\/","title":{"rendered":"Lehman&#8217;s Private Letter to Limited Partners"},"content":{"rendered":"<p><strong>Lehman Brothers<\/strong> (NYSE:LEH) sent another &#8220;feel-good&#8221; letter to their clients that hold positions in Lehman sponsored partnerships. This is not the first of these <a title=\"Lehman Smokescreen\" href=\"http:\/\/www.thedisciplinedinvestor.com\/blog\/2008\/03\/31\/lehman-preferred-offering\/\" target=\"_blank\">smokescreens <\/a>that Lehman published in an attempt to take our eyes off of the real problems. \u00a0 Is it me or is it terribly concerning how gullible many of these companies believe that we are. I still have not hear an apology for the blatant and disrespectful <span style=\"text-decoration: line-through;\">lies<\/span> misinformation that was promoted by the overzealous PR team over at Lehman HQ. Below is the June 11 letter and my comments&#8230;.<\/p>\n<blockquote><p>LEHMAN BROTHERS<br \/>\n399 PARK AVENUE, NEW YORK NY 10022 TELEPHONE (212) 526-0977 FACSIMILE (646) 758-4269<br \/>\nMICHAEL J. ODRICH, \u00a0 MANAGING DIRECTOR, HEAD OF PRIVATE EQUITY<\/p>\n<p>Dear Partner:<\/p>\n<p>As the second quarter comes to a close, financial markets remain under stress. Actions taken by the Federal Reserve have provided additional stability for capital markets, although the operating<br \/>\nenvironment has yet to revert to what we would consider normal. We write to discuss how Lehman Brothers has been impacted and to reiterate our confidence with where we stand as a Firm.<\/p>\n<p><strong>My comment: Did they say confidence?<\/strong><\/p><\/blockquote>\n<p><a title=\"Lehman's Private Letter\" href=\"http:\/\/blogs.moneycentral.msn.com\/topstocks\/archive\/2008\/06\/13\/lehman-s-private-letter-to-limited-partners.aspx\" target=\"_blank\">Click here to read the rest of the article on MSN Money\/Top Stocks<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lehman Brothers (NYSE:LEH) sent another &#8220;feel-good&#8221; letter to their clients that hold positions in Lehman sponsored partnerships. This is not the first of these smokescreens that Lehman published in an attempt to take our eyes off of the real problems. \u00a0 Is it me or is it terribly concerning how gullible many of these companies [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[186,21,42],"tags":[215,486,490],"class_list":["post-758","post","type-post","status-publish","format-standard","hentry","category-marketmash","category-short-ideas","category-stocks","tag-credit-markets","tag-short-ideas","tag-stocks","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=758"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/758\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}