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The Mortgage Mole

Bargain Buy

“Have you missed the Bear Stearns garage sale?” the message asks. “Another successful bank is now on the market”.

“Up for sale is a popular investment bank located in prime midtown Manhattan. Lehmans has been in business for over 150 years and has some of the most loyal clients and employees.”

Included in the purchase price is commercial real estate and other debts that are “hidden somewhere on the balance sheet”, it adds.

The advert says that anyone interested should contact one Richard Fuld at dickfuld@burgerking.com to make an offer.

“No reasonable offer refused, banks have been flying off the shelves recently so grab one of your own,” the message concludes.

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