After seeing so many markets down, my cousin in the hunting business informed me that gun sales have been surging, due to Obama winning the presidency. Who knew he could stimulate the economy so quickly?
10-13-08. WaMu made a motion to designate William C. Kosturos as the company's chief restructuring officer and hire six other members of his firm, Alvarez & Marsal North America, as advisers.
...Fuld, 62, has stayed on as CEO while lawyers and other professionals disperse Lehman's assets to pay creditors after the fourth-largest investment bank filed the biggest U.S. bankruptcy Sept. 15 in New York. Alvarez & Marsal's Bryan Marsal, Lehman's restructuring officer, ``is actually operating'' the company. - Bloomberg