REI Global

At Lehman, the Good, Bad — and Ugly HW+

Lehman Brothers [stock LEH][/stock] said Wednesday morning that it expects to lose $3.9 billion in the third quarter, a loss of $5.92 per share, the largest quarterly loss in company history. Driving the loss are $5.6 billion in net write-downs on residential mortgage and commercial real estate positions, the company said in a press statement. That’s the bad news.