Lehman Brothers Signs Switched Over To Barclays Logos (PHOTOS)

After Barclays PLC bought Lehman Brothers' New York headquarters -- among other North American assets -- it switched the well-known Lehman Brothers digital signs to display Barclays logos pretty quickly. See photos below.

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Comments

[americaforme]

England sacks Wall St., amazing how dossel we are when Barclays burns the massive lights on our homeland. What would our Revolutionary fathers have to say? The ghost of the past will be restless tonight. Paul Reveres ride, leaves great meaning to this unfortunate event. Shame on us America.

[OutsiderSA]

Seeing that the rest of the world already owns the USA, they are moving in to to seize their assets. I do not think fiat dollars have any more attraction in the rest of the world.

Expect more foreclosures.

[iambusto]

thats smart move buddy. with devalued $ (and rapidly devaluing by the hour), why not buy real assets than just hold paper.

[RichardThomas]

Is Wall Street blackmailing US Citizens.

We have a fiat currency bubble burst.

Financial Crisis Fundamental Foundation Flaws and Solution

Congress is tapping into this info today.

On http://coinage.me/

The flaws are articulated in detail as well as the solution which involves a New Global Value Exchange Accounting System they have a list of power questions that media and journalists can ask.

One interesting ironic insight is a small fortune can be made off pennies as a result of the amazing paradox resulting from current market conditions. 1 lb of pennies is worth $6.00 tangible and only $3.00 intangible.

They make an interesting point why shouldn't the bail out (citizens going into debt) go to pay off the mortgages and then trickle down to those firms needing to be bailed out?

Read the power questions. http://coinage.me/power_questions.htm

[BVictor1]

Those colors are pretty damn ugly. They should have installed LED scrolling signage

[schatsie]

And Barclays had the rogue trader a few years ago who lost (where did he put it) 7 billion dollars... Remember....

These guys BURN money, don't give them any more....

[AngloAmerican]

That was Barings Bank, it was 14 years ago, Barings subsequently folded after the Rogue Trader, Nick Leeson, lost 1.4 billion USD

Get your facts straight

[philosopherkingtomas]

Dont confues Sarah Palin !

Save the polar Bears!

[darthdarcy]

Change the names to protect the guilty...

They sure had that sign made quick..!

I wonder how long they had this arranged in advance..

It should really say:

Bilderberger World Bank and Government..!

Or:

New World Order Bank...

[angryjim]

I would like to know what that grandiose digital display cost to install in the first place. Not a great use of shareholder's money. No wonder they went bust.

[nomadicexpat]

the building was built pre-9/11 by morgan stanley. lehman bought it in an emergency sale because their downtown HQ was unusable. so the sign was paid for by MS and came with the deal.

irregardless, the building is in the middle of times square at one of the most highly visible locations in NYC .. the advertising value of that signage is priceless, and represented a very good value to shareholders

get your facts straight please

[iambusto]

The CEO of the year award should go to Barclays Capital. He didnt take the bailt like Bank of America's Kent Lewis.

He walked away from the deal on the weekend only to come back on tuesay and buy off the assets after the LEH entered bankruptacy.

That way, Barclays only picked up the assets it wanted and not the liabilities and toxic debt that it wanted to avoid. Bank of America will buy Merrill's assets + toxic debt.

You go Barclays. They will add this awesome move in business schools for years to come.

just goes to show, how much a little patience can pay off.