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"Unless something is settled, it's going to be a bloodbath Monday"
- Thread starter Daal
- Start date
Quote from RussellDaytrade:
**********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."
This is great. You write this? kudos.
They're not gonna let it fail with X multiples of 400 Billion in Credit Default Swaps owing.
It would take down the System.
They've already either hedged the CDS stuff or playing chicken with the FED/Treasury.
No way they're playing roulette here.
If the CDO go under, well, yea, it'll be another round of writedowns and some major pain in the Markets.
But the analysts have already crunched the numbers and the majority presumed they can survive it....
The question is: who can't if they liquidate?
Merrill Morgan? Who, Damn it?!
It would take down the System.
They've already either hedged the CDS stuff or playing chicken with the FED/Treasury.
No way they're playing roulette here.
If the CDO go under, well, yea, it'll be another round of writedowns and some major pain in the Markets.
But the analysts have already crunched the numbers and the majority presumed they can survive it....
The question is: who can't if they liquidate?
Merrill Morgan? Who, Damn it?!
Quote from simon1080:
yes there is..
just to make an example if lehman doesn't pose that big of a systematic risk to the US financial system.
Im actully hoping for the chpt 11.... marrill chpt 11 .. wamu chpt11 so we can get all this garbage out of the way and start rebuilding the financial system...
The more they try to delay things.. the worse its going to be for the economy.
1000 % with you on that one