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Lehman Bros.
Re: Lehman Bros.
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| Originally posted by Scoops |
dude too soon.
yay, going home early tonight.
lol
WAMU is in trouble too. And Bank of America is purchasing Merill Lynch.
I guess people could see it coming, but it came as a big surprise to me. Only noticing now how much their stock value has declined over the year, going from USD 67 to 7 last week.
I had followed the takeover of ABN Amro close last year, also saw part of the integration from the inside. That was nothing as dramatic compared to this..
Goldman Sachs for the win.
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| Originally posted by gehzumteufel WAMU is in trouble too. And Bank of America is purchasing Merill Lynch. |
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| Originally posted by Gen3r4l1ty Uh oh! Whats up with WAMU? |
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| Originally posted by Gen3r4l1ty Uh oh! Whats up with WAMU? |
crap...
NEW YORK (AP) - Shares of Washington Mutual Inc. fell sharply in premarket trading Monday, as a team of analysts said the bank's new chief executive must move quickly to assure depositors, regulators and investors that it can survive the credit crisis.
-crosses fingers-
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| Originally posted by MeLLyMeL crap... NEW YORK (AP) - Shares of Washington Mutual Inc. fell sharply in premarket trading Monday, as a team of analysts said the bank's new chief executive must move quickly to assure depositors, regulators and investors that it can survive the credit crisis. -crosses fingers- |
This can't be a coincidence. I blame the Large Hadron Collider.
This can't be a coincidence. I blame Meat187's new Eurodance mix.
the anti-particle of success is fail.
i agree with Meat187.
The portal has been opened.
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| Originally posted by gehzumteufel Yeah I am not happy. That is where my money is. Not that I have a ton of money or anything, but still. |
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| Originally posted by Ygrene This can't be a coincidence. I blame Meat187's new Eurodance mix. |
Why didn't they use Viagra to keep their stock up?
having worked in the financial industry the last 5 yrs i knew Lehman would fall hard. However i made my money off them 
i had quite a bit of stock in the company when earnings were huge and got out just about 2yrs ago.
if you guys are interested in this stuff go read "The Creature from Jekyll Island" it will explain why Lehman tried to get away with high risk loans with big yields. The fact that the gov't isn't bailing them out is a huge 'fu' to Lehman because practices with similar hedges have been bailed out in the last 6 mos.
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| Originally posted by MeLLyMeL we are safe. I was about to open up a cd with them too. Guess not. 100g and under is fdic insured. It's just a pain in the ass but we'll get every cent back |
FDIC has about $50 billion to cover over $1 trillion in deposits. ever try to throw a hot dog down a hallway? you're better off going with a bank that isn't on the verge of collapsing.
My sister was an analyst at Lehman, but luckily for her she left about a year and half ago for another job. She still had some stock though, which I last hear was at $.18. 
In the backyard of house here me and wife have stored away 30 Grand in wood chest that is lined in metal with plastic liner 5 feet down. I just dug the area to check on it today to be sure cash wasn't rotting on use. The cash was fine but wood chest decayed and metal starting to rust but the plastic liner is in great shape. So put in in new wood chest with metal liner and second plastic liner to be safe. We did that in case if some happens we can survive off it and all.
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| Originally posted by wesleysnipez In the backyard of house here me and wife have stored away 30 Grand in wood chest that is lined in metal with plastic liner 5 feet down. I just dug the area to check on it today to be sure cash wasn't rotting on use. The cash was fine but wood chest decayed and metal starting to rust but the plastic liner is in great shape. So put in in new wood chest with metal liner and second plastic liner to be safe. We did that in case if some happens we can survive off it and all. |
dear america,
welcome to capitalism.
-karl marx.
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