James West submits: Lehman Brothers Holdings Inc. (LEH) shares continue to hemorrhage in value as losses mount from exposure to “very large, illiquid assets”. The fourth largest securities firm is expected to announce an equity sale to raise up to $4 Billion to replenish its supply of capital. ``We're in a market environment where sometimes perception becomes reality,'' Diane Hinton, an analyst at Standard & Poor's, said in a call with investors and journalists. ``We think there is increasing pressure on Lehman to address these concerns'' about liquidity and capital, Hinton said. Complete Story »