Lehmans goes down, global banking in crisis
- Thread starter durruti02
- Start date
lights.out.london
Black Flag
Tell me which Friday an I'll book a few tables at Cornies for an Urban outing!!!!
I'll make sure I have a 'fluffer' to ensure maximum 'hanging big-ness'.
It ain't gonna happen. If another T1 bank goes...last one out the door....LIGHTS OUT!
prunus
Tick tock.
Me too. On my hands. With a mint choc chip Cornetto clenched between my buttocks.
It won't happen.
Balbi
Hey, Dean Yager!
g force
Affects Shatner's Basoon
lights.out.london
Black Flag
With 'Drummer required - apply within' painted on your arse
rotflmao
Fair do's, Balbi. Fair do's.
bouncer_the_dog
Well-Known Member
It'll be useless when we're printing £1bn notes to buy milk with..
lights.out.london
Black Flag
Zimbabwe has cornered the market in big denomination notes.
White Lotus
Provisional Buddhist
That's as maybe, but are you selling put options on Citi shares?
Just because you get £35k back, doesn't mean that you get it back when you actually want it. Having to wait a year for it (just to pick a scaremongering time from the air for the sake of example) isn't much fun either.
Surely if he knows something like that due to factual information he has, he wouldn't be allowed to actually speculate publicly like that. It's insider knowledge.
That's the reason I can't comment on here who I/we think it is
that's is precisely why i did this thread, to allow freedom of expression!
elbows
Well-Known Member
Well you dont have to be an economics expert to know that most banks are in pretty awful shape, and that there could still be plenty of collapse and woe to come.
Sometimes it can be said that the rumors themselves are more of a threat than the underlying realities, but at this time it seems like its the actual fundamentals that are screwed, across the board. The great fiction has come a little unravelled, and its unclear what could jumpstart the corpse back to 'economic prosperity'.
However we live in an age where most of these entities are considered 'too important to fail'. Whether things get so bad that some have to be totally sacrificed, and cannot be propped up by any means, are allowed to fail, remains to be seen.
This has caused some to question whether we should really have a system where players are allowed to grow so large and important that they must not be allowed to fail. Depending on how deep and long this bank & wider economic poopoo is, we could see some large fundamental changes over the next few decades. But if there is any way possible to maintain 'business as usual' then thats what will be done.
Sometimes it can be said that the rumors themselves are more of a threat than the underlying realities, but at this time it seems like its the actual fundamentals that are screwed, across the board. The great fiction has come a little unravelled, and its unclear what could jumpstart the corpse back to 'economic prosperity'.
However we live in an age where most of these entities are considered 'too important to fail'. Whether things get so bad that some have to be totally sacrificed, and cannot be propped up by any means, are allowed to fail, remains to be seen.
This has caused some to question whether we should really have a system where players are allowed to grow so large and important that they must not be allowed to fail. Depending on how deep and long this bank & wider economic poopoo is, we could see some large fundamental changes over the next few decades. But if there is any way possible to maintain 'business as usual' then thats what will be done.
kyser_soze
Hawking's Angry Eyebrow
*cough*lmn*cough*
Sorry, clearing my throat.
Sorry, clearing my throat.
Sound plan.
Unfortunately, I'm not able to follow such good advice.
Hypothetically: If someone did have all their money invested in a large US bank that's wobbling a bit ATM, what would happen to said money if they went totally tits up?
UK sub of large US bank that is (hypothetically).
Anyone know?
Not that I'm really bothered mind.
Ok, take all your money out of the bank and spend it on fuel, food and porn.
Then you can trade with people
White Lotus
Provisional Buddhist
Depends what you mean by "invested": on deposit with them, or you've bought their shares?
If the former there may be some protection, depending on its status here. If the latter you're buggered. With a pineapple. Prickly end first.
If the former there may be some protection, depending on its status here. If the latter you're buggered. With a pineapple. Prickly end first.
Nice!
Don't have the details to hand. From memory they were index linked fixed term investment bonds bought through a 3rd party, so hopefully that will give a bit of protection. Not a lot of money in the grander scheme of things. I've pretty much forgotten about them anyway.
lights.out.london
Black Flag
gnoriac
lowly seer
As I've said before, I can remember these sorts of rumours about Lehman's going back years though never as public as now. Bit I can't figure is just who does invest in a bank with such a reputation? If you had the money, would you buy Lehman's?
If so, can I interest you in helping me get several millions in a deceased banker's account out of Nigeria?
If so, can I interest you in helping me get several millions in a deceased banker's account out of Nigeria?
lights.out.london
Black Flag
Source?
lights.out.london
Black Flag
Robert Peston?
rotflmao.
rotflmao.
bi0boy
Power User
ViolentPanda
Hardly getting over it.
Given the way he pronounces words, shouldn't that be "ROBert Peston"?
ViolentPanda
Hardly getting over it.
yes hilarious, obviously no truth to the story then
Peston has a bit of a spotty record for getting decent intel from his sources, as "Private Eye" are occasionally at pains to point out.
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