A lot of spin will be put to work in order to make it positive:
Lehman Loses $2.8 Billion, Plans to Raise $6 Billion
You will make your own decision, here is as always the Trust issue: is it the last write down, is it the last capital rising?
Could company survive if they had announced hypothetical "real write down" of double the announced figures, would capital be still available to them?
We can find some hint in action of more strictly regulated guys like UBS (Used to Be Smart according to some) which are writing down without any end in sight.
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This is what I think: Lehman Brothers Bankruptcy
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