"Unless something is settled, it's going to be a bloodbath Monday"

Quote from Daal:

I think the journal is full of it, there is no way they let LEH file for bankruptcy. is there? :confused:
http://online.wsj.com/article/SB122134089502132567.html?mod=hpp_us_whats_news
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Karma's a bitch. NCC's gonna go down the tubes too.

I've had it with the bullshit. Banking turned real shitty after this happened and it's starting to his the average consumer/customer. Someone's going to have to learn a lesson from "greed".

Mark to market is the biggest flaw our country has EVER seen in financing.

Fed can't drink the ocean. Fuck it, we're done.
 
Quote from scriabinop23:

(2)short sellers seeking to achieve this very outcome.
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Right, that's rich. Blame it on the shorts. Easy out. You think they'd be on the hook if leh gapped up 10 pts? There's no free lunch.
 
Quote from athlonmank8:

Right, that's rich. Blame it on the shorts. Easy out. You think they'd be on the hook if leh gapped up 10 pts? Get your head out of your ass. There's no free lunch.
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Head in my ass? :) heheheh

I haven't a clue whats going on, and neither do people just outside the boardroom this weekend. I'll admit that. Honestly, those short interest #s don't cry of manipulation.. But who knows ..
 
Quote from scriabinop23:

Head in my ass? :) heheheh

I haven't a clue whats going on, and neither do people just outside the boardroom this weekend. I'll admit that. Honestly, those short interest #s don't cry of manipulation.. But who knows ..
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Correct. I'm not saying manipulation. It's obvious the shorting has played a factor though.

What i'm trying to say is that like everything else, we've all signed the disclaimer and shorts are at the market's mercy just like everyone else
 
the fed will step in with some kind of support, these people are afraid of putting words like 'inflation' in their statements, can they really have the guts to let LEH fail and see how the market takes?
 
Reuters reporting bloodbath coming...


Lehman Brothers appears headed toward liquidation after Barclays withdrawal, plan to divide Lehman into "good bank, bad bank" falls apart: report 2:29pm EDT (Reuters)
 
Quote from ByLoSellHi:

There's no mark-to-market for this shit they have on their books, and no one wants to risk their own mark-to-model not knowing what the hell is going to happen with all the systemic risk the big institutions have, so maybe they will let Lehman fail just to show they aren't going to backstop everything under the sun with taxpayer dollars anymore.

But where will it end? Will they let WM, AIG, NAC, etc., etc. fail?
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that's what I keep wondering - why would any responsible company want their books contaminated with this GARBAGE

unless there's a complex deal that means they buyer gets the good assets and the taxpayer eats this risk - which is probably what it comes down to

bottom line it's a game of hot potatoe - money was spent from cash out re-fi to keep the economy going, based on artificially inflated equity that wasnt really there - so now, hidden in the complex books of 3 card monte firms like lehman, is a bill for all that consumer spending that nobody wants, in the form of mortgage 'backed' securities with colatoral much less than the face value (what's left of those bills that they couldnt push onto widows), and with our lobbying system the way it is, will find it's way to the taxpayer's infinite debt

what happened here, is that Lehman could pass the bad checks (mortgage 'backed' securities) fast enough

no way should they be bailed out - bankruptcy is their only moral destination
 
**********NEWS FLASH**********

THIS JUST IN!

Lehman Brothers Holdings to be saved!


The State of New York and New Jersey, in an all-out effort to make the best of a troubled situation confronting the markets, and respective states, have volunteered to offer every available assistance, at their disposals, to salvage the remains of Lehman Brothers Holdings.

Sparing no efforts, the staes have offered to cart-off, free of charge, the remains, via barge, into the Atlantic Ocean, to be scuttled and sank, and use the waste as an excellent habitat to promote the establishment of a new underwater park.

John Corzine, current Gov. of New Jersey, and ex-head of Goldman Sachs, stated in a prepared speech, "We think that Lehman Brothers Holdings will make excellent material with which to feed the fishies."
 
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