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Bankrupt and failed Lehman to pay massive bonuses



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You can't even make up stories like this it's so crazy. CNBC:

The Wall Street bank which collapsed last year plunging the world into a deeper financial crisis is paying generous bonuses and recruiting middle and back office staff to help administrators sort millions of transactions, the Financial Times reported Tuesday.

Lehman's European business is trying to stop employees defecting as it is helping administrators Pricewaterhouse Coopers reconcile transactions with clients and trading partners to determine what is owed or can be claimed.

Last week, a judge overseeing Lehman's US bankruptcy approved an extra $50 million in bonus pay-outs to 230 derivatives traders who are working to unwind the bank's $10 billion portfolio.


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