Lehmans

StevieJ

Generali wrote: »

He seemed to be posting some pretty grumpy stuff and then just disappeared.

I met him, Betty Page and Guy_Montag in a pub in Clerkenwell once for another web forum drinkup. He's a bright lad in a Professorial sort of way, bit of a Trot unfortunately but really a very clever bloke.

What was Betty Page like

Generali

StevieJ wrote: »

What was Betty Page like

Very lovely. Good looking and very interesting to chat with. And she bought me a beer at one point in the evening IIRC. I've always had a soft spot for women who buy me beer.

purch

I've always had a soft spot for women who buy me beer

A couple of Viagra just before you leave the house, will sort that out for you !!!

setmefree2

StevieJ wrote: »

Where is Sir Humphrey? (not seen since April) the civil service must have blocked internet access as part of the cost cutting :eek:

I liked Sir Humphey's posts - maybe he bought a house in April and that's why he stopped posting? or maybe he just got fed up arguing/ good natured banter

John_Pierpoint

In South West London there is a little house price ripple developing - do you think it is
the result of quantitative easing?

sabretoothtigger

In South West London there is a little house price ripple developing

why not, quite possibly

Sir_Humphrey

Generali wrote: »

He's a bright lad in a Professorial sort of way, bit of a Trot unfortunately but really a very clever bloke.

Ha ha ha ha ha ha. You have obviously never met a Trot.

Generali

Sir_Humphrey wrote: »

Ha ha ha ha ha ha. You have obviously never met a Trot.

My Uncle was (I believe) a Trotskyite. He honestly believed that the Second World War was a conspiracy by the ruling elite to keep the workers in their place.

He refused to fight as he wouldn't kill the working class of other countries when the real enemy was sitting in London eating the meat that belonged to the Proletariat (or something).

With you I was just using it as a lazy shorthand. Funny I should mention you like that and up you pop!

sabretoothtigger

I think today is the two year anniversary

Lehman Brothers Holdings Inc. is a business again


The defunct New York-based investment bank, being run by Bryan Marsal, has almost $20 billion in cash and a monthly payroll of up to $45 million for managers and advisers. Hard-to- sell investments are being managed by 400 employees, and the firm is spending tens of millions of dollars on litigation set to stretch to at least 2012.

Lehman’s strategy is unusual for a bankrupt company that’s liquidating. Marsal, 59, is betting that he’ll raise twice as much by holding Lehman’s worst-performing investments as he would by conducting a fire sale.

“The liquidating estate is acting like an ongoing investment concern,” said Lawrence A. Larose, a lawyer with Winston & Strawn LLP’s financial-restructuring practice in New York. “It’s trying to slowly extricate itself from these billions of dollars of investments around the world.”

Marsal is not only pouring cash into distressed assets he inherited. He spent $1.4 billion to buy a bankrupt affiliate’s loans on a bet he could sell them at a profit.

Creditors haven’t pushed Marsal to “dump these assets into a very questionable market,” Larose said.

http://www.bloomberg.com/news/2010-09-15/lehman-defies-bankruptcy-to-be-a-business-with-billions-in-cash-property.html

Blacklight

It's been a long hard couple of years in the private sector and I'm really glad it's behind us. Looking forward to looking forward come October.