How Lehman Brothers bank collapsed (12Mar10)

How did the Lehman Brothers bank collapse, with help from the UK of course and shady business practices. Of course, you could blame the accountancy firms for these practices, but the fact is, the New Labour government are doing the nearest equivalent to make the UK look like it is solvent, and carry on getting money though the international bonds market.

Lehman Brothers = Enron = New Labour government accounting.

Recorded from Sky News, 12 March 2010.

Category:

News & Politics

Tags:

• lehman
• brothers
• bank
• collapse
• uk
• accounting
• fraud
• frauds
• new
• labour
• enron
• style

[wakeup2nwo]

@liarpoliticians

"How did the Lehman Brothers bank collapse, with help from the UK of course and shady business practices. Of course, you could blame the accountancy firms for these practices, but the fact is, the New Labour government are doing the nearest equivalent to make the UK look like it is solvent, and carry on getting money though the international bonds market."

spot on m8.. when will everyone wake up to whats going to happen?

[CelticReject]

Another illusion was Swine Flu. It provided an excellent diversion for the plebs on the street. And it worked.

[globalbankfraud]

@trinomialtree You're forgetting the French Revolution. Any way looks like there's no hope for your soul.

[trinomialtree]

@globalbankfraud

maybe. but i will have the satisfaction of watching you peasants starve slowly to death first. or maybe my "masters" will start "peasant hunting" games or the like, in which we can mow down peasants for more bonuses.

any which way, it is always better to side with the rich and powerful. only peasants would wish to group together with other peasants and fortunately i am not a peasant.

[globalbankfraud]

@trinomialtree I don't think I've met many souless creatures. Interesting to meet you. You're still a fool! Your treacherous masters don't care about you. What use will you be if they enslave the planet. They won't need traders. You'll get replaced by a peice of software & thrown out with the garbage. That's if your bank or wealth survives anyway. There is a lot more to life than money & evil intensions have a way of backfiring. This whole thing won't pan out as you think, mark my words.

[trinomialtree]

@globalbankfraud

yes i am a serious fascist and i would love nothing less than 90% of the population erased from the planet. i am not a billionaire but i am in the best institution in the world to be, a bank. and i'm a quant trader which means i'm integral to the money extraction machine run by my bank. its a lovely feeling squeezing peasants out of their money.

[globalbankfraud]

@trinomialtree Are you a serious fascist? A handful of psychopathic families run the banks and forced people out of work. Agreed money isn't real but the conclusion they want is 90% population reduction and everyone else left behind become their slaves. Unless you are in the Billionaire club that includes you too! You're a fool.

[trinomialtree]

@globalbankfraud

i wasn't being sarcastic, i'm dead serious :P. 700 trillion is nominal value, it dosen't mean anything. and if the US implodes, that means that social darwinism is working, lets hope that at least 200m of these welfare peasants are wiped out

[globalbankfraud]

@trinomialtree careful, someone might take your sarcasm seriuosly. It's probably far worse, the level of derivatives floating around was $700 Trillion a year ago. And US debt is higher than all the PIGS put together. It's only a mater of time before the US implodes but we'll probably go first.

[trinomialtree]

@globalbankfraud

leverage is the order of the day - x100 is the new normal and we love it! this means that we get play money x100 and if the bubble pops, then taxpayers are on the hook for this magnified exposure.

there is no business model in the world that is any better.

viva the US and the business models it has developed - truly, the future of human evolution.

[globalbankfraud]

@CO2TROL Yeah tax Silver so poorer folks can't escape the Fiat con. I don't think we're the first to realise, we've just been drinking the media sleeping draft for too long. Funny how it's not in the Headlines that Gold in £s is at it's highest ever in history!

[globalbankfraud]

@trinomialtree You don't mean x9 you mean 90%. Bank A keeps 10% & lends 90%. But that 90% gets re-deposited and becomes the basis of another round of 90% lending. Only 8 rounds would give you more than my x100: 1.9^8=170. It's a ball park figure but good enough for my point. Banks don't even keep to Fractional Limits anymore since the Basel Accord.