Lehman May Shift $32 Billion of Mortgage Assets to `Bad Bank’

Sept. 4 (Bloomberg) — Lehman Brothers Holdings Inc. may shift about $32 billion of commercial mortgages and real estate to a new company that will be spun off in a move similar to the good-bank-bad-bank model used in the 1980s banking crisis, two people briefed on the discussions said.The bad bank, nicknamed Spinco for now, [...] continue reading world news