Sep 15, 2008.
The venerable Lehman Brothers investment bank said early Monday that it will file for bankruptcy, while Bank of America unveiled plans to buy Merrill Lynch -- two pieces of news that ...
Sep 15, 2008. The venerable Lehman Brothers investment bank said early Monday that it will file for bankruptcy, while Bank of America unveiled plans to buy Merrill Lynch -- two pieces of news that profoundly alter the American financial landscape.
The fast-paced changes capped a roller-coaster Wall Street weekend and threatened to stir up U.S. financial markets already reeling from woes at other major financial firms and mortgage financing titans Fannie Mae and Freddie Mac.
"This crisis is clearly deeper than anybody had imagined only a short time ago," Peter Stein, an associate editor at The Wall Street Journal in Asia, told CNN.
Lehman Brothers said in a statement early Monday that it plans to file for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code. The 158-year-old investment bank had been undermined by bad bets on real estate -- the value of its shares declined 94 percent this year.
The fall of Lehman followed a wild, three-day scramble by top Wall Street executives and federal regulators, who worked around the clock to come up with a solution to a still-unfolding financial crisis.
By the end of the weekend, the Federal Reserve had stepped in to try to calm the markets by announcing plans to loosen its lending restrictions on the banking industry.
A consortium of 10 leading domestic and foreign banks agreed to create a $70 billion fund for loans to troubled financial firms.
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I just read everything I can and things have been going great for me financially.. personally is another story but whatever.. check out this free newsletter for example.. authoropen . com
why don't you look up "govb" on the stockmarket in "saving loans" under "banks".then tell me what you see.i'm tried of saying what i see.i have kick out of the stock market and can't talk about it there. hint 950.00 on 52 week high for a 9.50 stock in that time frame.have a nice day.MSJR
I think letting Lehmens Bro go was a good Idea. think time line...Lehman fails then out-a nowhere Oil falls like a rock at a speed and a range never seen before. Diagnosis: Lehman must have been shorting Oil contracts and Oil options. just a guess...
thanks again for your video! Robin's all right. It's too bad she works for the devil incarnate.
thanks for the vid! EXPERIMENT: stock analyst say the market is crashing because consumers are broke... I say stock market is crashing because people are finally boycotting large corporations. It might be both, it might be neither
if you are BOYCOTTING hit this thread with thumbs-up If you are not spending because its just a lack of ready cash, hit thumbs-down
thanks for your feedback! me? "thumbs up" all day and a bit of thumbs down too. but I am boycotting as best I can. please join me!
Autoshare makes certain YouTube activities public on the services you choose. Select only the services you are comfortable with - like Facebook, Twitter, or Google Reader - to let your friends know what you like on YouTube. You can turn Autoshare off at any time.
think time line...Lehman fails then out-a nowhere Oil falls like a rock at a speed and a range never seen before. Diagnosis: Lehman must have been shorting Oil contracts and Oil options. just a guess...
thanks again for your video! Robin's all right. It's too bad she works for the devil incarnate.
EXPERIMENT:
stock analyst say the market is crashing because consumers are broke...
I say stock market is crashing because people are finally boycotting large corporations.
It might be both, it might be neither
if you are BOYCOTTING hit this thread with thumbs-up
If you are not spending because its just a lack of ready cash, hit thumbs-down
thanks for your feedback!
me? "thumbs up" all day
and a bit of thumbs down too.
but I am boycotting as best I can. please join me!