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Lehmans
Generali
Posts: 36,411 Forumite
Well it looks like Lehman Bros are going to be the next victims of the credit crunch:
link
rumours have been going round for a while and a sale of assets has been assumed to be their only realistic way to get out of their predicament.
Korea Development Bank has been the only named buyer and now they've pulled out there must be serious doubts over their future.
link
rumours have been going round for a while and a sale of assets has been assumed to be their only realistic way to get out of their predicament.
Korea Development Bank has been the only named buyer and now they've pulled out there must be serious doubts over their future.
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Comments
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Conservator-ship ahoy cap'n..?
Fannie, Freddie and Lehman - can't make up my mind whether it's a 70s folk group or a remake of the 3 stooges...0 -
Lehman should take a lesson from this ...
http://www.youtube.com/watch?v=FJh1iBaeang
The wonderful Janet Klein.0 -
So that was the recovery. Blink and you missed it. That must be the shortest session of treble gin and tonics all round for quite some time.0
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So that was the recovery. Blink and you missed it. That must be the shortest session of gin and treble tonics all round for quite some time.
Shirley you mean treble gins and tonic? Maybe not, all fizz and no spirit!! That's the recovery that was, it's over let it go!!!
Showin' me age now.
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Lehmans are toast! WaMu,United Bank, are likely to head for failure very shortly.
Poor folks in the US are getting used to the drill,
lube up and bend over :shocked:Control is an illusion, chaos is the reality. A successful warrior dances with chaos, and success means simply that one is still alive.0 -
Well it looks like Lehman Bros are going to be the next victims of the credit crunch:
I'd put it differently - I'd say they were victums of their own greed and short-sightedness.
Anyone know just how much money the Fed have available to give away or is Ben secretly already cranking the printing presses to max and hoping no-one notices?--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
Well done Bush, your multi-trillion dollar sure up lasted a day, amazing, just how do you keep managing such bottom feeding consistancy
Bush, Fannie, sound like a couple of tw*ts to me.:D0 -
Well done Bush, your multi-trillion dollar sure up lasted a day, amazing, just how do you keep managing such bottom feeding consistancy
Bush, Fannie, sound like a couple of tw*ts to me.:D
Lol:rotfl: very rude:cool: but funny:rotfl:Turn your face to the sun and the shadows fall behind you.0 -
I'd put it differently - I'd say they were victums of their own greed and short-sightedness.
Anyone know just how much money the Fed have available to give away or is Ben secretly already cranking the printing presses to max and hoping no-one notices?
Total capitalisation of the Federal Reserve Boards is $800,000,000,000 I think (don't quote me but I think that's right) so that's the maximum amount they can lend to the banks at any one time. If they managed to loan the lot then presumably the Treasury would recapitalise them (changing any laws necessary along the way).
FMx2 were taken on by the Treasury.0 -
They just had a quick feature on Newsnight about Lehman Bros. Doesn't look good for them. Bear Stearns and now Lehman Bros. Where will it all end?0
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