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re: Lehman Watch Thread
Posted on 9/12/08 at 4:47 pm to MileHigh
Posted on 9/12/08 at 4:47 pm to MileHigh
But he didn't say it himself?
As the story says in the other thread, Lehman is NOT too big to fail, so the government could just let them twist. Maybe, maybe not.
Certainly, though, even if the government smoothed the transition along somehow, the bondholders of LEH would need to take a serious haircut. There's no way Lehman Brothers should get anything close to as favorable of a deal as Bear Stearns did.
As the story says in the other thread, Lehman is NOT too big to fail, so the government could just let them twist. Maybe, maybe not.
Certainly, though, even if the government smoothed the transition along somehow, the bondholders of LEH would need to take a serious haircut. There's no way Lehman Brothers should get anything close to as favorable of a deal as Bear Stearns did.
Posted on 9/12/08 at 5:01 pm to Doc Fenton
quote:
But he didn't say it himself?
no but i thought it was relevant to this thread.
quote:
There's no way Lehman Brothers should get anything close to as favorable of a deal as Bear Stearns did.
Oh, I agree. Traders have had 6 months to hedge or unwind trades with LEH. Everyone with a half a brain knew they were close to being dead after bear failed.
I don't mind the gov't making calls to help them out, but I don't want a subsidy like JPM got.
ETA: and my opinion counts for something!
This post was edited on 9/12/08 at 5:02 pm
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