September 9th, 2008, 10:06 PM #1
Wall St.ís Fears on Lehman Bros. Batter Markets
Waves of selling wiped out nearly half of Lehmanís value in the stock market on Tuesday, leaving the firm, one of the nationís oldest and largest investment banks, in an all-out fight for survival.
Hold on to your drawers, it's all downhill now..Wheeeeeeeeeeeeeeeee
Felix the Cat say, What's next
Last edited by pickel; September 9th, 2008 at 10:12 PM.
September 9th, 2008, 10:14 PM #2
Cripes... another one?
(not you, the company)He who seeks vengeance must dig two graves. One for his enemy, and one for himself.-- Lao Tzu
September 9th, 2008, 10:19 PM #3
September 9th, 2008, 10:20 PM #4
September 9th, 2008, 10:55 PM #5
The general public is going to be pissed if the government trys to bail this one out too.But a Constitution of Government once changed from Freedom, can never be restored. Liberty, once lost, is lost forever.-John Adams
September 10th, 2008, 04:29 AM #6
Lehman is looking for a takeover from China, Japan, Saudi Arabia, or anybody. The Govt. isn't bailing this one out.
September 10th, 2008, 05:01 AM #7
To continue with my last post, Korea's Bank KDB was supposed to buy some of Lehman's mortgage assets, but the deal has turned sour. Looks like Lehman may be another banking statistic, unless somebody else comes into to bail them out...it sure won't be the Govt.
September 10th, 2008, 06:01 AM #8
unless somebody else comes into to bail them out...it sure won't be the Govt.
- Join Date
- Feb 2005
The massive loses that fannie mae and freddie mac have made will reverberate through the entire economy.
McCains son is involved with one of the collapsed banks. That sort of dodgy dealing runs in the family.
Why the economy isn't the main item of the election, and the republican handling of it for most of the past eight plus years is astonishing.
How many times do we need to hear about McCain being in prison and Obamas lack of experience, when they should be telling the people what they are going to do to save the economy from collapsing under massive overseas debt, and pointless expensive wars, and they keep giving billions of dollars in money and weapons away to unstable regimes.
For the tax payer to pick up the bill. Or selling off America to the Chinese and Japanese.
September 10th, 2008, 06:50 AM #9
Lehman isn't worth the effort that Fannie Mae, Freddie Mac were. Both the banks were also involved with overseas accounts/mortgages. I'm not going to get into any political crap on this thread...there is already too many on this forum. Lehman is going to collapse, unless somebody (outside of the U.S. Govt.) helps them out.
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