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Lehman Brothers

Lehman Brothers

Traders are on standby for a tempestuous day on the London stock exchange after US bank Lehman Brothers filed for bankruptcy protection.
Ref. BBC

Brothers Lehman

Did you ever notice that these activities all happen over the weekend, when most of the world is out at ballgames, the beach, the park, visiting family, on holiday, etc.? It's almost as if the "Powers that Be" are trying to slip it under the door in secret. I'm still shocked that this huge organization is failing, that Fannie Mae and Freddie Mac were taken over by the government, AG Edwards sold itself to Wachovia a few months ago, and also this weekend, Merrill Lynch sold itself to Bank of America. My head is spinning! I have a lot of clients with big investments... which bank/investment firm is failing next? How long can it all be kept together? The US economy is like a big house of cards, and it's falling from the top down.

Lehman Brothers History & Civil Business Politics

The economy is about to fall. We will be in a depression soon. I believe I see the beginning signs of panic.

Brothers Lehman

I think they are looking for a handout from the government since others are getting it.

Brothers Lehman

Bailing out Bear Stearns was a mistake. I think they were "hoping" that was it, but it was really the tip of the iceberg we see now. What I dont like is reading that even after Bear Stearns, Lehman in its final months granted more bad loans than anyone else in the business. Basically, with the scrutiny that they had to know was forthcoming, they went ahead and generated more bad paper. There has to be some head that roll for this one...like Enron and the S&L Crisis...someone has to be held up as our example of what not to do.

I would love to know how BoA and Wachovia can afford to buy that bad debt. I havent looked at the deals in depth, but unless they are buying them for the worth of only the good loans, how can they handle the loss? Are they really in that good of financial shape?

Now get a load of the head of Lehman Bros...

from The Scotsman
Source 6

Now you gotta believe he will make good on the threat because he was kicked out of the armed services for punching a superior. You know it is going to fall, but you cant get out and keep your job. I would have opted for the broken leg, a nice return on a short position and a law suit against Mr Fuld following my hospital visit and a early retirement.

Lehman Brothers

Hopefully things will start to look better next year. I believe that this year is just a bad looking forecast. I believe that this coming winter is going to be interesting.

Lehman Brothers

It is like a dominos affect. They keep saying there isn't a problem and it is going to get better and it hasn't. They are just try to prop up our economy with consumer confidence. Some of the top banking systems are finished.

I wouldn't count on it bro. Buy some dry food, and water purification system just in case. Maybe a firearm and some ammunition to.

If the economy does pick up then you haven't lost anything. You can eat the food and sell the gun. Guns maintain their value pretty good.

Edited: Quasar on 17th Sep, 2008 - 2:06am

Lehman Brothers Politics Business Civil & History

Oh Friday afternoon just before close of business is a perfect time to drop these bombs. It is also the perfect time to quit your job! I did it that way. Dropped by the office at about 430pm and quit. I gave my 2 weeks notice and since the company normally didnt take 2 weeks notice, I thought I would either be back on Monday with a 2 weeks notice or I would just leave that day and never be back.

Kinda the same for these companies!