Ok.. so we got Lehman going to filing for bankcruptcy. Merrill going for acquisition by BofA. Financial credit is NOT over yet.
SHORT DOLLAR SHORT!!!! .
SHORT DOLLAR SHORT!!!! .
Walk the Talk from a fun loving discretionary trader 46 replies
You talk the talk I walk the talk 8 replies
Dislikedhttp://news.bbc.co.uk/2/hi/business/7615931.stm
Lehman goes bust. Officially. Let's see how the fed handles this one (i.e let's see what is going to happen to our tax dollars, those of you who live here).
EDIT: I thought I'd mention I also have a friend who just graduated last semester and is working for lehman's forex forwards and swaps.Ignored
DislikedOkay.. that's new:
Banks are going to bail out the US
The banks are Bank of America, Barclays, Citibank, Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, Merrill Lynch, Morgan Stanley, and UBS. These banks have said they are committed to fund $7 billion each for a $70 billion collateralized borrowing facility.
The banks add that they are working together to assist in maximizing market liquidity through ongoing trading relationships, dealer credit terms and capital committed to markets. This will also facilitate the orderly resolution of OTC derivatives exposures between Lehman and its counterparties.Ignored
DislikedOkay.. that's new:
Banks are going to bail out the US
The banks are Bank of America, Barclays, Citibank, Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, Merrill Lynch, Morgan Stanley, and UBS. These banks have said they are committed to fund $7 billion each for a $70 billion collateralized borrowing facility.Ignored
DislikedThe face behind the mess:
http://www.bloomberg.com/apps/data?p...d=i1mUOf1jNvws
Lehman's CEO Richard Fuld, a.k.a. Dick Fuld - (what a surprise)Ignored
DislikedBloomberg columnists calling for a bottom. As they do every week.Ignored
DislikedThese are the guys making a fortune in Wall Street:
http://i2.photobucket.com/albums/y28/cesarnc/2guys.jpg
"Hey Joe, rush to Lehman Brothers on the way back. There's a sign there they asked to bring down, too."
Ignored