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The News: Yes, We Said Lehman's Hiring

Lehman Brothers may be down, but it's not out yet. The firm still has $7 billion in cash and $12.3 billion worth of private investments. Then there's its $24 billion worth of derivative contracts. So, for the next couple of years, anyway, it's a good place to work. Alvarez & Marsal, the restructuring firm that's winding Lehman down, has been hiring staff to tackle areas such as derivatives and real-estate holdings.

Now Hiring: Lehman [WSJ]

Meanwhile...

Excuse me. I'm not rich, I worked for this, and I've got bills to pay. [NY Times]

Yes, the Treasury needs financial talent. But... [MarketWatch and Washington Post]

Morgan Stanley's back office is about to get hit [InvestmentNews]

The thundering herd is kind of loping along [NY Post]

Social network on your own time [Dealbreaker]

This is what you call 'populism' [NY Times]

Here's one way to save money [AP via CNBC]

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AUTHORMark Feffer Insider Comment

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The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

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The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.