Thread: Lehman

FNM, FRE, WM, LEH, CFC.... Heck, the entire Shadow Banking System. Don't dream, it's over.

Lehman or Washington Mutual. The Feds will let one of these two companies fail. The question is which one? Could they let both fail?

Glad I'm in the Geee.

Dont forget about the Big Three Automakers standing in line waiting for their handout...and the airlines will be next. BSC was precedent-setting.

Originally Posted by luv2read

dont forget about the big three automakers standing in line waiting for their handout...and the airlines will be next. Bsc was precedent-setting.

hhhummp!! Cough cough ==== loans!!:d

You're both right. There's not enough government cheese for everyone. The big 3 just kept pumping out those SUV's while Toyota produced the more fuel efficient vehicles.

Which would be worse to let fail, WaMu or LEH? Now that LEH dropped a real estate bomb on us, who knows how much deleveraging they've got on their hands. After the hits BAC took under the CFC deal, and the hits JPM is taking with BSC, buying out LEH and WM would be like buying up land near Chernobyl at this point.

Originally Posted by nnuut

hhhummp!! Cough cough ==== loans!!:d

50 billion just waiting...

Analysts: I Quit! I Have No Idea What's Happening!
CNBC
Posted By:Bob Pisani
Topics:Investment Strategy | Stock Market

Analysts, shell-shocked by the events in financials this week, are simply giving up today:

1) Merrill Lynch analyst Guy Moszkowski has changed his rating on Lehman from "neutral" to "no opinion."


2) Morgan Stanley said that while they were maintaining their research coverage on Lehman, they are removing their ratings and price targets "due to heightened market uncertainty."

3) Landeburg Thalman's Dick Bove is suspending his price target and Neutral rating on Washington Mutual "until there is some clarification as to what was in the MOU [Memorandum of Understanding]."
http://www.cnbc.com/id/26661632

Originally Posted by ATCJeff

Lehman or Washington Mutual. The Feds will let one of these two companies fail. The question is which one? Could they let both fail?

Glad I'm in the Geee.

Looks like Lehman will be the first. Tomorrow has the potential to be a huge meltdown!

IN a last-chance effort-

Lehman Brothers Investment Bank is up for bids....

On E-Bay....
http://cgi.ebay.com/Lehman-Brothers_...d=p3286.c0.m14

Lehman Bros files for bankruptcy protection!

Fed rate cut or some other action today or tomorrow? They've done it in the past.