Lehman Brothers teeters on verge of collapse as Barclays pulls out
Sep 18th 2008, 8:05 am
#46
Lost in BE Cyberspace
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Re: Lehman Brothers teeters on verge of collapse as Barclays pulls out
This was in Monday's NY Times............. of course things have worsened slightly since then 
- good illustration though........
http://www.nytimes.com/interactive/2...p-graphic.html
- good illustration though........http://www.nytimes.com/interactive/2...p-graphic.html
Sep 18th 2008, 8:19 am
#47
Truth is the safest lie.
Joined: Jul 2008
Location: @ the beach.
Posts: 7,241
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Sep 18th 2008, 8:44 am
#48
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Re: Lehman Brothers teeters on verge of collapse as Barclays pulls out
RBS safe as..... er........ houses..........
I would not be surprised to see some advance consolidation - eg RBS merging with Barclays or whoever BEFORE it becomes a 'rescue' (which one would be rescuing which one?).
BTW - Sky News just revealed that the newly-merged LTSBHBOS (?) will have 38 million customers............ que? What's the population of the UK?? (Neither bank has extensive operations outside the UK). Bizarre statistic.
I would not be surprised to see some advance consolidation - eg RBS merging with Barclays or whoever BEFORE it becomes a 'rescue' (which one would be rescuing which one?).
BTW - Sky News just revealed that the newly-merged LTSBHBOS (?) will have 38 million customers............ que? What's the population of the UK?? (Neither bank has extensive operations outside the UK). Bizarre statistic.
Sep 18th 2008, 11:59 am
#49
Lost in BE Cyberspace
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Re: Lehman Brothers teeters on verge of collapse as Barclays pulls out
They could be in for yet another shock...........
Nice work.
Sep 18th 2008, 9:33 pm
#52
Truth is the safest lie.
Joined: Jul 2008
Location: @ the beach.
Posts: 7,241
Re: Lehman Brothers teeters on verge of collapse as Barclays pulls out
Bizzare, very different different corperate cultures.
Telegraph:
The FSA think banning short selling will financials will help somehow? I'd say thats likely to bring more price fluctuations if implemented? 
If any company announces results that are worse than expected the shareprice is just going to fall through the floor because there will be no buyers for any price stabalisation 
. Just what we need! Can no one in the city remember how markets actually work?
Warning: The value of your shares may go down as well as sideways...
Edit: No changes in position to report, still got my cash stuffed into my mattress.
Telegraph:
The global credit system almost grinds to a halt as yields on US Treasury bills reach zero for the first time since the Great Depression, writes Ambrose Evans-Pritchard
The global credit system came close to total seizure yesterday. Key parts of the derivatives market shut down and a panic flight to safety depressed the yield on three-month US Treasury bills to almost zero for the first since the Great Depression in 1934.
The global credit system came close to total seizure yesterday. Key parts of the derivatives market shut down and a panic flight to safety depressed the yield on three-month US Treasury bills to almost zero for the first since the Great Depression in 1934.
If any company announces results that are worse than expected the shareprice is just going to fall through the floor because there will be no buyers for any price stabalisation . Just what we need! Can no one in the city remember how markets actually work?Warning: The value of your shares may go down as well as sideways...
Edit: No changes in position to report, still got my cash stuffed into my mattress.
Last edited by Charismatic; Sep 18th 2008 at 9:36 pm.
Sep 19th 2008, 7:35 am
#53
Truth is the safest lie.
Joined: Jul 2008
Location: @ the beach.
Posts: 7,241
Re: Lehman Brothers teeters on verge of collapse as Barclays pulls out
Sep 19th 2008, 3:20 pm
#54
Lost in BE Cyberspace
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Re: Lehman Brothers teeters on verge of collapse as Barclays pulls out
its quite amusing reading about the 3 Geman bank executives who allowed a transfer of 500million Euro's to Lehman Brothers after they had already been declared bankrupt! ooooops!
