Is Lehman's Fuld on the Ropes?

"We were pretty skeptical of the idea that Korea Development Bank would buy a stake in Lehman, particularly since Dick Fuld seems a bit in denial as to what a stake in the storied firm might fetch these days (for instance, for the asset management operations, he wanted a buyback option. Let's see, you are desperate for cash, everyone knows it, and you are pushing for rich terms?. You can't bluff when everyone at the table knows you have a weak hand.)"