Lehman May Shift $32 Billion of Mortgage Assets to ‘Bad Bank’
— Lehman Brothers Holdings Inc. may shift about $32 billion of commercial mortgages and real estate to a new company that will be spun off in a move similar to the good-bank-bad-bank model used in the 1980s banking crisis, two people briefed on the discussions said. The bad bank, nicknamed Spinco for now, would have…