Number 2 and 3 are out at Lehman (same thing happened at Bear Sterns) - troubling pattern here?

Pelley89 answered one year ago …

Have you ever used the expression "when the shit hits the fan"?
Have you taken a look at their balance sheet and the Level 3 assets they're holding?
Not a good picture.

So, in this world, what does one do? One buys time and starts singing the gospel.

Not so long ago, LEH was expecting a "small" loss of about $300 million.
$2.8 billion later, number 2 and 3 are out after raising $6 billion in capital IPO.
Not only they've been losing money, but now they are diluting the common shares.

Is the crisis behind us? Drums please...