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WSJ Maurice R. "Hank" Greenberg, former American International Group Inc. chief executive, said Monday on CNBC that the giant insurer should change its board of directors and management. "The company is falling apart," he said.

When will Fuld resign? Does he do more damage than good by refusing to let go? http://www.marketwatch.com/news/story/dick-fulds-strategy-has-lehman/story.aspx?guid={9365D197-EDB3-4AE7-ADE5-7239512AD010} Unlike Lehman's competitors -- Citigroup Inc., Merrill Lynch & Co. and Morgan Stanley...

Yea there always will be more little fish that nobody has ever heard of going to jail because there's always a bunch of little analyst morons trying to make an 'extra nickel' on the side next to their $55k salary. Does anyone care about these nobodies? Make sure you bump this thread when...

I think he means a severe and rapid implosion of the economy due to a systemic meltdown of the banking system. Basically this scenario is off the table since March. Doesn't mean the economy won't be soft for a long time to come.

I will ask again. Why didn't LEH write down all bad junk and raise money when it was at $60. Why were they lying about the value of their book and proudly proclaimed they were adequately capitalized months ago? Why do they now write down assets while credit markets improved markedly after the...

That's great news for Jim Rogers. His favorite stocks have just become a lot cheaper.

This could be a major positive in avoiding a systematic financial meltdown from a major broker/dealer becoming illiquid - Good news IMO http://www.bloomberg.com/apps/news?pid=20601087&sid=atLO.8bAQIQA&refer=home June 9 (Bloomberg) -- Regulators and 17 banks that handle about 90 percent of...

http://www.bloomberg.com/apps/news?pid=20601087&sid=atLO.8bAQIQA&refer=home Fed, 17 Banks Agree on Changes in Credit-Default Swaps Market June 9 (Bloomberg) -- Regulators and 17 banks that handle about 90 percent of the trading in credit-default swaps agreed to changes aimed at easing the...

I don't understand why Einhorn is getting heat when it's Lehman's CEO Fuld & CFO Callan that should be scrutinized for destroying $30 bln in market cap in a matter of 12 months. Last time I looked Einhorn is simply doing what he's paid for and his fund is up in 2007 and 2008 YTD...

Einhorn Responds to Lehman Raising Capital 6/9/2008 4:18 PM EDT "Lehman is raising $6 billion that they said they didn't need to replace losses that they said they didn't have," hedge fund manager David Einhorn said today. "Since the credit markets actually improved this quarter, such losses...

Still holding long from 10.82. Will probably close this dog out on Friday.

Outchie...

Maybe Fuld meant North Korea? :D

Bookmark this site: http://www.macroshares.com/public/macro/macrohome.aspx and see when they come out with new versions of their short crude oil ETFs.

I believe DEE is a double short of the Deutsche Bank DBC "Deutsche Bank Commodity Index" http://dbfunds.db.com/dbc/index.aspx The index has a 55% allocation to energy thus a very high correlation to crude oil. I think currently that's the best "Short oil ETF" that can be owned by a 401k.

Try "DEE".

Austin, I don't doubt the headlines are bad. But I have my doubts bearish headlines make a good predictor (=positively correlated) for future intermediate term (12 months) stock market performance...

Hmm stock market volumes across the globe were at record highs in Q1 and are still relatively high. Those brokers that stick to providing trading services and did not load up on junk bond debt should be doing well.

It's kinda of ironic the SEC is wasting manpower on the Einhorn's of the world and the Prince's (Citi) and Caney's (BSC) are free to walk.

Not sure if you're aware of it, but Einhorn, Loeb & Ackman are not dedicated short sellers. They short a dog when they see it, but their primary business is investing into deep value and activist situations on the long side.