From Pine View Farm

Resale Shop 0

Remember when Lehman Bros. bucket shop investment bank went to Barclay’s in a fire sale?

Well, Lehaman has struck a deal with their landlord on Sixth Avenue of the Americas to swap their furniture for a rent reduction.

It’s not their furniture. It’s Barclays’.

Lehman, once the fourth-largest investment bank, asked a bankruptcy judge in New York last week to let it pay Barclays $5.9 million to buy back desks, chairs, tables, cubicles, audio- video equipment and security paraphernalia it currently uses in a building at 1271 Avenue of the Americas in Manhattan.

Maybe Wall Street’s next round of pay for performance bonuses should include a matching set of end tables and a credenza.

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