Lehman Brothers Annoys Us Even From the Great Beyond


Lehman Brothers Holdings, the ghost company liquidating what is left of Lehman Brothers, paid its advisers $262.6 million for nine months of work, according to a filing with the SEC. Also: “Bankers, accountants and lawyers may reap record judge-approved charges of $906 million by the time Lehman’s bankruptcy ends.” Someone at Bloomberg has written 3,000 words explaining why this is totally cool and even awesome, if you want help barfing up your lunch. [Bloomberg]