Roll Call: Lehman Brothers' strategic options

So what is going to happen to Lehman Brothers Inc.? Everyone seems to have theories. Here are a few worth reading.

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CNBC's Charlie Gasparino reports that Lehman's CEO Dick Fuld issued a memo that many people inside Lehman consider an advertisement for the firm to be bought by a private equity player or a bank.

Lehman could spin off units including Neuberger Berman or go private, but that would be tough because any potential buyer would also have to recapitalize Lehman, according to reports in The Wall Street Journal.

Sanford Bernstein analyst Brad Hintz and a former CFO at Lehman said a management buyout of Lehman Brothers would be too costly to be feasible.

The SEC is trying to target who is responsible for the fall of Lehman's Bear Stearns Cos.-like fall. Many other firms have been subpoenaed. - Maria Woehr

Troubled banks of Wall Street Stock prices as of 12 p.m.
Name	Open	Last price	Change	Mkt cap
J.P. Morgan Chase & Co.	32.30	33.64	+2.61	114.89B
Lehman Brothers Inc.	14.27	14.32	+1.09	9.83B
Merrill Lynch & Co.	25.40	26.10	+1.33	25.65B
Goldman Sachs Group Inc.	160.21	166.05	+8.21	65.32B
Morgan Stanley	32.25	33.20	+2.17	36.91B
Citigroup Inc.	15.13	15.46	+0.90	81.32B
Fannie Mae	7.93	8.00	+0.94	7.79B
Freddie Mac	5.93	6.04	+0.78	3.92B
Bank of America Corp.	19.45	19.88	+1.34	88.65B
Wachovia Corp.	9.64	9.55	+0.47	20.37B
Source: TheDeal

Also see:
Bank Watch: Lehman stands out from falling financial stocks
Lehman's management considers a take-private
Lehman to consider partnering or asset sale

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