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roccman
Peak Oil Prophet
Joined: Apr 27, 2007
Posts: 4352
Location: The Great Sonoran Desert
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 Posted: Tue Jun 03, 2008 10:07 pm Post subject: Fear is back on the menu boyz and girlz - LEHMAN BROTHERS |
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A run on these bad boyz would bring the house down...
Link
All rumor ...of course 
_________________
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
"... hope is a rotten-thighed whore" Niko Kazantzakis
We are going back to roccland - me |
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seldom_seen
Fission
Joined: Apr 12, 2005
Posts: 2037
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| Posted: Tue Jun 03, 2008 10:13 pm Post subject: Re: Fear is back on the menu boyz and girlz - LEHMAN BROTHER |
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All we need now is a government official to be taken out for "having sex with prostitutes." OMG!
Then maybe the deal will go down this weekend where Goldman Sachs buys Lehman for .05 cents a share on Sunday afternoon and the Fed backs up 80 billion dollars of their debt.
I love the free market. |
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roccman
Peak Oil Prophet
Joined: Apr 27, 2007
Posts: 4352
Location: The Great Sonoran Desert
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| Posted: Tue Jun 03, 2008 10:16 pm Post subject: Re: Fear is back on the menu boyz and girlz - LEHMAN BROTHER |
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| seldom_seen wrote: | All we need now is a government official to be taken out for "having sex with prostitutes." OMG!
Then maybe the deal will go down this weekend where Goldman Sachs buys Lehman for .05 cents a share on Sunday afternoon and the Fed backs up 80 billion dollars of their debt.
I love the free market. |
I don't think the fed has the sheet to back LEH.
Congress will sure as hell NOT authorize another JPM/BSC bailout in an election year.
_________________
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
"... hope is a rotten-thighed whore" Niko Kazantzakis
We are going back to roccland - me |
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Dreamtwister
Fission
Joined: Feb 06, 2006
Posts: 2259
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| Posted: Tue Jun 03, 2008 10:24 pm Post subject: Re: Fear is back on the menu boyz and girlz - LEHMAN BROTHER |
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You know, when Bear Stearns went belly-up back in March, I asked on my blog "Who's next?" My top 3 picks were Lehman Brothers, Washington Mutual and MF Global.
With my track record lately, half of me wants to unwind some of my PM position to cash in on these failures. The other half of me wants to run out and take physical posession while I can.
Decisions, decisions...
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The whole of human history is a refutation by experiment of the concept of "moral world order". - Friedrich Nietzsche |
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Iaato
Light Sweet Crude
Joined: Mar 12, 2007
Posts: 1008
Location: As close as I can get to the beginning of the pipe.
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| Posted: Tue Jun 03, 2008 11:49 pm Post subject: Re: Fear is back on the menu boyz and girlz - LEHMAN BROTHER |
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| roccman wrote: | I don't think the fed has the sheet to back LEH.
Congress will sure as hell NOT authorize another JPM/BSC bailout in an election year. |
I'll take you up on that one, Rocc. I think they can and will continue to authorize M&A bailouts with JPM the bagholder. Betcha?
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"When fascism comes to America it will be wrapped in a flag and carrying a cross." --Sinclair Lewis |
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roccman
Peak Oil Prophet
Joined: Apr 27, 2007
Posts: 4352
Location: The Great Sonoran Desert
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| Posted: Tue Jun 03, 2008 11:51 pm Post subject: Re: Fear is back on the menu boyz and girlz - LEHMAN BROTHER |
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| Iaato wrote: | | roccman wrote: | I don't think the fed has the sheet to back LEH.
Congress will sure as hell NOT authorize another JPM/BSC bailout in an election year. |
I'll take you up on that one, Rocc. I think they can and will continue to authorize M&A bailouts with JPM the bagholder. Betcha? |
You're on...
Keep in mind the JPM/BSC deal is currently wavering...
So how much (in silver) did you want to give me?
_________________
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
"... hope is a rotten-thighed whore" Niko Kazantzakis
We are going back to roccland - me |
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Iaato
Light Sweet Crude
Joined: Mar 12, 2007
Posts: 1008
Location: As close as I can get to the beginning of the pipe.
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| Posted: Wed Jun 04, 2008 12:35 am Post subject: Re: Fear is back on the menu boyz and girlz - LEHMAN BROTHER |
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| Iaato wrote: | | I'll take you up on that one, Rocc. I think they can and will continue to authorize M&A bailouts with JPM the bagholder. Betcha? |
| Rocc wrote: | You're on...
Keep in mind the JPM/BSC deal is currently wavering...
So how much (in silver) did you want to give me? |
How about one silver eagle? Or a pre-1964 50 cent piece or dollar? I think I've got any one of those, if you do. We'll have to define bailout, though. The way Ben keeps coming up with new, creative financing terms, a bailout might end up looking like nothing we've ever seen before . . . . At least one bailout, to merge with JPM again. It doesn't have to go through (too many variables there with too long of a timeline), it just has to be bailed out in the short term. These jokers will do anything to keep the derivative chain from cascading.
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"When fascism comes to America it will be wrapped in a flag and carrying a cross." --Sinclair Lewis |
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Peleg
Heavy Crude
Joined: May 20, 2008
Posts: 391
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| Posted: Wed Jun 04, 2008 12:46 am Post subject: Re: Fear is back on the menu boyz and girlz - LEHMAN BROTHER |
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| The house of cards falls; aces and eights, kings and queens and fools. |
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EnergyUnlimited
Fusion
Joined: May 15, 2006
Posts: 3299
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municipal
Tar Sands
Joined: Apr 28, 2008
Posts: 49
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| Posted: Wed Jun 04, 2008 7:07 am Post subject: Re: Fear is back on the menu boyz and girlz - LEHMAN BROTHER |
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| Iaato wrote: | | roccman wrote: | I don't think the fed has the sheet to back LEH.
Congress will sure as hell NOT authorize another JPM/BSC bailout in an election year. |
I'll take you up on that one, Rocc. I think they can and will continue to authorize M&A bailouts with JPM the bagholder. Betcha? |
Over 1.5 trillion has been given fre since november, to the banks. It is easy to print. |
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hope_full
Heavy Crude
Joined: May 27, 2008
Posts: 254
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| Posted: Wed Jun 04, 2008 7:25 am Post subject: Re: Fear is back on the menu boyz and girlz - LEHMAN BROTHER |
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| Quote: | | over 1.5 trillion has been given fre since november, to the banks. It is easy to print. |
I'm a neophyte here, so please be kind and patient with me.
Are you saying that the federal government has printed $1.5 trillion since November? Doesn't printing money lead to hyper-inflation (such as Germany, post WWI)? And how do you know that they've printed $1.5 trillion?
And lastly, isn't that an efficient way to bring down a government - to ruin their economy through introducing massive amounts of printed currency into their economy?
HF |
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pup55
Expert
Joined: May 26, 2004
Posts: 3801
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| Posted: Wed Jun 04, 2008 7:38 am Post subject: Re: Fear is back on the menu boyz and girlz - LEHMAN BROTHER |
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| Quote: | Are you saying that the federal government has printed $1.5 trillion since November? Doesn't printing money lead to hyper-inflation (such as Germany, post WWI)? And how do you know that they've printed $1.5 trillion?
And lastly, isn't that an efficient way to bring down a government - to ruin their economy through introducing massive amounts of printed currency into their economy? |
You are hereby promoted from "tenderfoot" to "one step higher than tenderfoot" whatever that is.
They didn't really print the $1.5T, they just sort of "wished it into existence" and gave it to JP Morgan to keep the Bear Stearns deal and many others from blowing up.
And, yes, it is a pretty good way to screw up a government. However, Bernanke, who apparently is a scholar and expert on the first Great Depression does not want to repeat the so-called mistakes of the past. He thinks he is helping us out, by getting the system to limp along for a few months more.
What he doesn't know is that he is creating a whole new set of mistakes. Scholars years from now will look back on this time and just laugh at what kind of an idiot this guy was.
Perhaps one of these scholars will be named Chairman of the Fed, if such an institution still exists in a generation, and make a whole new set of mistakes. |
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seahorse
Expert
Joined: Oct 15, 2004
Posts: 2230
Location: Arkansas
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| Posted: Wed Jun 04, 2008 7:48 am Post subject: Re: Fear is back on the menu boyz and girlz - LEHMAN BROTHER |
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Pup,
In the words of Darth Vader "I find your lack of faith disturbing."
Yes, soon, North American may become synonymous with South America for a myriad of reasons, least of which will not be graft, corruption, run away inflation (prices, however one wants to define it). |
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roccman
Peak Oil Prophet
Joined: Apr 27, 2007
Posts: 4352
Location: The Great Sonoran Desert
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| Posted: Wed Jun 04, 2008 8:09 am Post subject: Re: Fear is back on the menu boyz and girlz - LEHMAN BROTHER |
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| Iaato wrote: | | At least one bailout, to merge with JPM again. It doesn't have to go through (too many variables there with too long of a timeline), it just has to be bailed out in the short term. These jokers will do anything to keep the derivative chain from cascading. |
I am in for a 1921 Morgan with these terms.
Ok?
_________________
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
"... hope is a rotten-thighed whore" Niko Kazantzakis
We are going back to roccland - me |
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Denny
Light Sweet Crude
Joined: Jul 10, 2004
Posts: 1693
Location: Canada
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| Posted: Wed Jun 04, 2008 8:13 am Post subject: Re: Fear is back on the menu boyz and girlz - LEHMAN BROTHER |
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| The ultimate irony is that Helicopter Ben announced just yesterday that the Fed wil be pursuing a much stronger U.S. dollar. |
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