Lehman trying to get rid of some of its riskiest assets?

It was another rough day for Lehman Brothers as investors scurried for the exits with rumors swirling about whether they'd have to raise billions more in capital.  Contrary to rumors early in the day, Lehman hadn't visited the Fed's discount window for funding (and hadn't done so since April 16 when they accessed it for "testing purposes").  However, regardless of how Lehman spins it, the market seems to believe that they will need to fill their coffers further.   The stock closed at $30.50, down $3.33.

According to a report by CNBC's Charlie Gasparino, Lehman may be exploring selling some of its riskier assets.....

People with knowledge of Lehman's activity say that firm's officials have met with potential buyers of the securities in recent weeks including Black Rock, which has purchased risky assets on the cheap from other firms like UBS in the hopes of selling the securities for profit at a later date.

Sources with knowlege of Lehman's proprietary trading activities say the firm has for at least the last week, not taken new positions on at least some of its trading desks and scaled back activity on other desks dramatically while eliminating some desks entirely.

Lehman Moves to Sell Risky Assets - CNBC

Earlier:

Speculation is mounting that Lehman Brothers will raise capital - Wall Street Folly

Spin game: Lehman has no need to raise capital and has "dozens" of options - Wall Street Folly