Citi, Lehman Brothers, Bear Stearns downgraded at Merrill

[makloda]

Quote from Trader5287:

http://www.iht.com/articles/2007/08/28/business/reg.php

Socialist Europeans calling for international finance regulation again

"We need an international approach, and the United States needs to be part of it," said Peter Bofinger, a member of the German government's economics advisory board and a professor at the University of Würzburg.

Ridiculous.

 

[Trader5287]

Off balance sheet, conduit, special pupose entity, related unknown HF financing exposure -------> ENRON

Get out of US markets and especially US financials - or sell em. This is the judgment that foreigners will make about us.

 

[trefoil]

Lehman did indeed already close its subprime unit. It was small, and folded into its larger mortgage unit. That has been the extent of the news they've had since this crisis began. Well that, and like all the rest of the investment banks, they have undoubtedly had to eat some debt on some M&A deals.
Not that you'd know that from the stock price...

 

[Toro KMA]

I've always figured that if there is any business Wall Street analysts should know, its Wall Street.

 

[ASusilovic]

Do you remember MERRILL downgrading CITI, LEHMAN, BEAR STEARNS ? Take a look at where stocks are trading now ! 2 Weeks later ! Ha, ha, ha....LOL !!!