Which financial company will go bankrupt next?

Which company should stop being allowed to beg at the discount window and go belly up

  • LEH

    Votes: 70 34.3%

  • ABK

    Votes: 23 11.3%

  • MBI

    Votes: 5 2.5%

  • WM

    Votes: 48 23.5%

  • CFC

    Votes: 11 5.4%

  • C

    Votes: 8 3.9%

  • MER

    Votes: 14 6.9%

  • TMA

    Votes: 12 5.9%

  • HOV

    Votes: 6 2.9%

  • MF

    Votes: 7 3.4%
  • Total voters
    204
Quote from capmac:

07-Jul-08 11:16 ET In Play

Lehman Brothers: Platts review bars Lehman from key oil trade window - Reuters (22.41 -0.44) : Reuters reports that the energy pricing agency Platts has put LEH under a temporary review that effectively excludes it under a temporary review from trading benchmark-setting oil contracts, four sources close to the matter said on Monday. The exact cause of the move was not immediately clear, although the practice of disallowing a market player from trading during Platts' price-setting window is relatively common and can be imposed for a variety of reasons, from credit issues to trade disputes to shipment technicalities. But it will be a setback for the No. 4 Wall Street bank, which has strived in recent years to build up a commodity and energy trading division to rival that of the long-standing giants GS and MS, and has seen its shares slump by nearly two-thirds on write-downs. A Lehman spokeswoman was not immediately able to comment, while Platts declined to confirm or deny the review on Lehman.
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You mean to tell me these investment banks have been driving up oil causing more and more inflation, and then to top it off the fed is giving them free money from the US tax payers.

Get rid of these crooks, they are killing America.
 
Aaron wrote....

You mean to tell me these investment banks have been driving up oil causing more and more inflation, and then to top it off the fed is giving them free money from the US tax payers.

Get rid of these crooks, they are killing America.
...........................................................................


Fuld, Blankfein, and Mack....then Paulson....

in no particular order......

and just what is MER doing to make a buck....probably
just selling stuff....
 
09:56

FRE Freddie Mac ticks lower as Faber on CNBC discusses issues on continued capital concerns for FRE and FNM, and notes that FRE has not decided yet to raise capital which was initially mentioned in May (12.47 -0.99)
 
Reuters

Lehman debt protection costs jump as shares dive

Friday July 11, 10:27 am ET

NEW YORK (Reuters) - The cost to insure Lehman Brothers (NYSE:LEH - News) debt against default surged on Friday, as its stock price plunged for the second day.

Credit default swaps on Lehman Brothers debt widened 55 basis points to 380 basis points, or $380,000 per year for five years to insure $10 million in debt, according to Phoenix Partners Group. Lehman's stock also plunged more than 14 percent.

(Reporting by Karen Brettell; Editing by James Dalgleish)
 
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