With apologies to the Rev. Jeremiah Wright, the chickens have come home to roost

Lehman's bad real estate ventures

One real estate investment broker described Lehman as “the real estate A.T.M.”
“They definitely were the mavericks out there,” said the broker, who did not want to be identified to protect his business relationships. “If you needed money, you could get it.”

Does anyone remember the Lehman/Antares ventures? Here's what Mr. Beninati, "Mr. Antares" says of his lenders on his own web page:

"In every deal we do, lenders decide if that project is for them," Beninati said. "But over the years, the opposite problem has arisen. Several banks might agree to finance our projects, and we regularly have to call some of our oldest and dearest friends in the industry tell them that Antares cannot give them business on a particular deal."

Gee, I don't know, it seems to me that Antares was only too happy to "give them the business".