LEH is a great franchise and Wall Street will not let it go the way of BSC

Quote from Joab:

Yes, I am a member!

We hold meetings the third Tuesday of each month and wear red beanie hats and sing chants.

We control the world through blackberry text messages between our members.

Next week we are targeting the entire country of England to bring the pound to it's knee's.

:D :D :D
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not far from the truth...apart from beanie hat. Normally meet at the gentlemens club you know the one. :)
 
It look more and more that they will do this LTCM style. everybody buys a 5%-10% stake and they collectively decide to take the losses beyond LEH's book value(I bet nobody will walk away this time though, lol), that way they wont need a big bank that can absorp the assets and liabities. this doesn't look good for shareholders...
 
Quote from flytiger:

They finally did something smart. Head of the NY Fed took the surviving assholes, put them in a room in lower Manhattan, and said, "you fix it."

This needed to be done. You don't get to steal all the money all the time and go to the Treasury for a quick fix.

Only way this can truly end is some catacylsmic event, like some drunk laying in his own puke for eight hours. Mr. Market will recognize the tell. Obviously, BSC and LEH weren't big enough.

C? Will that do it?
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NO!!!

The Fed must print money and give it to the subprime homeowners so they can pay back the loans - problem SOLVED!!

Why give it only to financial companies - looks too elitist....

LEH can then give Fuld and friends big bonuses for saving the company from the shit they put it into!

Then everybody's happy!:D
 
I continue to be astounded by the stupidity and ignorance of 99% of the people who post on this forum, as well as by most so called financial markets bloggers. It's not surprising that there are so many posts from people asking whether they have any chance of making it as traders or should they go back to their former jobs as burger flippers or public toilet cleaners.

I also find it amazing how strongly and bitterly so many wish investment banks will keep failing a la BSC. My guess is that this is a very vocal minority of losers who resent not being able to partake in the big paychecks and bonuses common in the investment banking business. Sour grapes.

The funny thing is, investment banking is actually a great equalizer. Unlike most other industries, it's open to anyone from ANY background with brains and a decent education (which judging from the spelling and content of these posts most of you clearly lack.) You don't necessarily need an Ivy League education to get into and succeed in inv. banking, just the perseverance and the brains.

Next week will be very interesting re. LEH.
 
Quote from LondonHedger:

With LEH trading below $3.60 in the after-market, this is an incredible set-up for the greatest trade ever.

LEH is a great franchise and Wall Street will not let it fail for obvious systemic reasons, nor will it let it go the way of BSC. If it did, when will this run on the bank end? Who will the shorts crush next? MER? MS? GS?!?

I am convinced that LEH will be snapped up by a large financial institution for $20-25/share by Sunday. When this deal is announced LEH shares will run up to $35 in a massive short covering wave. This will send a clear signal that the financial sector is no longer fair game.
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If this event occurs you will see the mother of all rallies. I was tempted to go long some index calls as we will likely see some resolution by monday. I would never bet against Tim Geitner. I don't understand where you are getting your share price from. I am guessing $10.00 is generous (this is a pure guess for you shorts). Can anyone tell me what the value of LEH really is ? How much toxic debt to they actually have?
 
Quote from LondonHedger:

I continue to be astounded by the stupidity and ignorance of 99% of the people who post on this forum, as well as by most so called financial markets bloggers. It's not surprising that there are so many posts from people asking whether they have any chance of making it as traders or should they go back to their former jobs as burger flippers or public toilet cleaners.

I also find it amazing how strongly and bitterly so many wish investment banks will keep failing a la BSC. My guess is that this is a very vocal minority of losers who resent not being able to partake in the big paychecks and bonuses common in the investment banking business. Sour grapes.

The funny thing is, investment banking is actually a great equalizer. Unlike most other industries, it's open to anyone from ANY background with brains and a decent education (which judging from the spelling and content of these posts most of you clearly lack.) You don't necessarily need an Ivy League education to get into and succeed in inv. banking, just the perseverance and the brains.

Next week will be very interesting re. LEH.
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Please let us know exactly how many shares of LEH you own and at what cost basis.

It will be that much more hilarious to us when it opens on monday at $0.50 after having been split up and taken over piecemeal.
 
Quote from western:

Please let us know exactly how many shares of LEH you own and at what cost basis.

It will be that much more hilarious to us when it opens on monday at $0.50 after having been split up and taken over piecemeal.
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It's subject to whatever "news" comes out.

But the bonuses given for making so much money off subprime CDO's and CMO's is great! Who can argue that the economy isn't better for the value-added by these captains of industry!!:D
 
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