For some employees at Lehman Brothers, the nagging feeling that all was not right in the storied firm's future became all the more crystallized after a Sept. 10 conference call in which Moody's explained why it put the brokerage's A2 rating on review. That same call also raised questions about a commonly-accepted business model on Wall Street--the broker-dealer that did not rely on deposits for funding.

To read the article in its entirety, click here.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.