Lehman unloads $130 billion of holdings to reduce risks:

06/10/2008 | Bloomberg

Lehman Bros. Holdings said it unloaded roughly $130 billion of assets during the quarter to reduce its market risks. "They're doing all the right things, such as de-leveraging aggressively, but these are stressful times, and they don't always get the credit they deserve," said UBS AG analyst Glenn Schorr. "Although Lehman is very different than Bear, there's one similarity, and that's what could undo all the other positives: Perceptions can become reality."

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