Lehman Bros. Holdings is looking into a plan in which it would shift billions of dollars in real estate and commercial mortgages to a new company, tentatively nicknamed Spinco, that would later be spun off, sources said. The strategy is similar to the good bank-bad bank model used in previous crises. "The model helps banks get on with their real business, focus on their strengths, after they put the bad assets aside," said Michael Bleier, a lawyer at Reed Smith who helped Bank Mellon spin off bad assets in the 1980s. "We'll see it being used again during this crisis."
more at http://www.bloomberg.com/apps/news?pid=20601208&sid=aQjsXBJ4uN1Y&refer=finance
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