by Calculated Risk on 6/09/2008 08:49:00 AM

"I am very disappointed in this quarter's results."
Chairman and Chief Executive Richard Fuld Jr.

From the WSJ: Lehman Plans Higher Capital Raising, Expects to Post $2.8 Billion Net Loss

Lehman Brothers Holdings Inc. unveiled plans Monday to raise $6 billion of fresh capital from an array of investors ...

The move comes as the firm said it expects a second-quarter loss of about $2.8 billion.

Lehman makes another visit to the confessional.