Lehmans goes down, global banking in crisis
- Thread starter durruti02
- Start date
lights.out.london
Black Flag
Is there anything left to sell except for the AM business?
Roughly 4000 at Lehman in Canary Wharf I'd guess, maybe a little more. I'm going to wander over during lunch and gawp at the car crash.
I think 5,000 in the UK mate...
Not been involved in anything like this for many a year now but I recall the atmosphere well.
lights.out.london
Black Flag
lights.out.london
Black Flag
Yes. Around 5,000 across the UK, including the mortgage unit.
The phone is ringing already from people we've tried to headhunt from Lehmans over the past few months, who said "no" to our mandate.
Very sad. Takes me back to other bank collapses I've worked through.
Anyway. Not over yet.
Crispy
The following psytrance is baṉned: All
Hmmm. I could do with a new monitor. And chair.
where and when??
lights.out.london
Black Flag
We did that when Yamaichi went. Went to the fire sale.
*vulture*
where and when??
Early days yet, amigo. Let's see what the filing brings to the surface.
lights.out.london
Black Flag
Depends on the 'stock' they'll take. If it's soveriegn debt, it's not as risky. If it's publicly quoted stocks, I'd imagine it'd be restricted to highly liquid stocks of large Cap firms.
gnoriac
lowly seer
If there are any computers in the skip they may have some very interesting data on them.
hipipol
Peckham Wry
The fact they say "stock" means exactly that - equity
Risky as fuck and desperate
lights.out.london
Black Flag
Yes. I agree - and that has the potential of another house of cards, depending on the underlying fundamentals of the companies whose stock is being lent.
Does the Fed want to end up with a stock portfolio as well as a mortgage business?
A Dashing Blade
Takes horses to water but can't make donkeys drink
TopCat
Putin fanboy
TopCat
Putin fanboy
It is rather .
A Dashing Blade
Takes horses to water but can't make donkeys drink
BBC is crap reporting again. The FED statement actually reads . . .
"The collateral eligible to be pledged at the Primary Dealer Credit Facility (PDCF) has been broadened to closely match the types of collateral that can be pledged in the tri-party repo systems of the two major clearing banks. Previously, PDCF collateral had been limited to investment-grade debt securities."
In the context of the statement it seems clear (to me anyway) that "securities" in this context = "fixed income securities"
Barking_Mad
Non sibi sed omnibus
The rich bail out the rich, again.
if you're poor and American though, don't think about a free trip to the hospital......
if you're poor and American though, don't think about a free trip to the hospital......
Yup, funny how the right have suddenly become advocates of massive state intervention.
newbie
undisambiguated
Pseudopsycho
I ate all your bees
All in all a bad day
Tomorrow will be worse - I start a new job - for a start up recruiter in financial markets!!!!!
Hahahahahah, maniacal laughter, etc[/QUOTE]
^gis us a job! (have no experience in finance but quite fancy working for a maniac)
Tomorrow will be worse - I start a new job - for a start up recruiter in financial markets!!!!!
Hahahahahah, maniacal laughter, etc[/QUOTE]
^gis us a job! (have no experience in finance but quite fancy working for a maniac)
untethered
For industry & decency
That was because the tunnel was closed due to a fire.
There were still a few trains coming and going... but yes you're right. They're not going to do very well if they forget to charge for bottles of champagne though, in any case.
Sunray
Its sunny somewhere.
Thing is, if left unchecked the people that will suffer most are the people at the bottom, so in the end some financial help is probably the only sensible route.
I know, the poor get the shit end of the stick whatever happens.
Similar threads
