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re: Lehman Watch Thread
Posted on 9/14/08 at 2:47 pm to Doc Fenton
Posted on 9/14/08 at 2:47 pm to Doc Fenton
quote:Barclays has pulled out. Just heard that B of A has pulled out. It looks as if they are actually going to file for bankruptcy.
Well they definitely have to prepare. The word is, if Lehman doesn't close a deal by the time Asian markets open on Monday (Sunday evening over here), they're getting shut down or something.
Wow! Talk about a crazy day tomorrow! CNBC is worthless on the weekend. Damnit.
Posted on 9/14/08 at 2:49 pm to Herb
quote:
Talk about a crazy day tomorrow!
Armageddon! Palin should be pleased.
Posted on 9/14/08 at 4:58 pm to Herb
Quote of the day: Mike Morgan on bad debt contagion in the financials:
"This is a virus, with a 100% kill rate. This is a pandemic, the likes of which we have never seen. This is only something that can be fixed after we kill all the players that carry the virus, because the virus only dies when the host is dead. The hosts are the sick financial institutions being run by crooked executives, regulated by incompetent regulators, appointed by blissfully ignorant politicians and at the end of the line is a judicial system that is without power to do anything."
"I agree with this" Insert Kige image here
"This is a virus, with a 100% kill rate. This is a pandemic, the likes of which we have never seen. This is only something that can be fixed after we kill all the players that carry the virus, because the virus only dies when the host is dead. The hosts are the sick financial institutions being run by crooked executives, regulated by incompetent regulators, appointed by blissfully ignorant politicians and at the end of the line is a judicial system that is without power to do anything."
"I agree with this" Insert Kige image here
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