Hugely wrong call by Morgan Stanley exec lands him cush government post

This analyst report of Lehman Brothers in 2008 was authored by a Morgan Stanley Vice President of Equity Research at the time, Patrick Pinschmidt.  The title of the report declared, "Lehman Brothers - Bruised, Not Broken--and Poised for Profitability."

http://www.jenner.com/lehman/docs/frbny/FRBNY%20to%20Exam.%20027135-027158.pdf

Sixty days after the report was released to Morgan Stanley clients, Lehman Brothers collapsed in what was then the largest bankruptcy in US history.  Mr. Pinschmidt is now the Senior Policy Adviser at the US Treasury Department.

Patrick Pinschmidt LinkedIn profile