Show-me Account Talk

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Show-me said:
Not looking good for the home team on Lehman. All of the players want the same deal JPM got for buying out BSC.

My friend, this is just a vague piece of a bigger truth. JPM is seriously considering acquiring other "DEALS" at this time. They had no interest in "buying out BSC" - this was a forced deal from higher up to paint a "Quick Mask" and prevent "Panic Alarms".

The gov. is between a rock and a hard place because all of the players know they can strong arm the gov. into assuming all of the risk while the players borrow the money from the tax payers on the cheap.

That's probably a bit too pestimistic (and unrealistic). In general "the players" are all weakened; and why would anyone want LEH and the endless struggles/debt that goes with it. The gov. is largely stuck because when LEH goes under - they are the only power left to clean up the mess.

The player are just biding their time before the gov. knuckles under, if they don't they will all sit back and watch LEH implode. And, now the Germans and the EU are commenting that the U.S. gov. had better do something to stop this mess with LEH.

Then everyone (Germans and the EU) is under the same delusion or illusion. LEH is simply in the headlines (or spotlight) at the moment.

ROFLMAO

We are getting deeper and deeper into a huge black hole as a nation.
Click to expand...

It is ONE HUGE umbrella - and as drops roll off everyone gets caught up in the bigger ones falling off (Bear Stearns, Fannie/Freddie, LEH) yet many other drops (Barclays, INDYbank...) are also falling.

Q)Where is the MONEY to restore these failed systems?
A)Mainly outside of the USA

Q)Is the WEAKNESS mainly isolated to the USA?
A)No it is a GLOBAL PROBLEM

We are getting deeper and deeper into a huge black hole as a nation and we are taking most of the world with us. Now is the time to get out of debt because MONEY will be demaned and obtained. Businesses will fold under, Jobs will be hugely cut; and all smaller Banks will be gobbled up by 3 big ones so in the end JPM will be one of the last remaining.

You have to go DEEP - really DEEP like Luv2read does and dig out all the facts; look at the whole picture and LEH (Barclays) and the rest appear much more insignificant. It's been there all along IT IS A MIRICLE THEY'VE BEEN ABLE TO HIDE IT FOR SO LONG.

 
Steadygain said:
It is ONE HUGE umbrella - and as drops roll off everyone gets caught up in the bigger ones falling off (Bear Stearns, Fannie/Freddie, LEH) yet many other drops (Barclays, INDYbank...) are also falling.

Q)Where is the MONEY to restore these failed systems?
A)Mainly outside of the USA

Q)Is the WEAKNESS mainly isolated to the USA?
A)No it is a GLOBAL PROBLEM

We are getting deeper and deeper into a huge black hole as a nation and we are taking most of the world with us. Now is the time to get out of debt because MONEY will be demaned and obtained. Businesses will fold under, Jobs will be hugely cut; and all smaller Banks will be gobbled up by 3 big ones so in the end JPM will be one of the last remaining.

You have to go DEEP - really DEEP like Luv2read does and dig out all the facts; look at the whole picture and LEH (Barclays) and the rest appear much more insignificant. It's been there all along IT IS A MIRICLE THEY'VE BEEN ABLE TO HIDE IT FOR SO LONG.
Click to expand...

Very true where is the SEC they sent Martha Stewart to jail for inside trading and these guys get a handout. What a system the lot of them should be thrown in the Jail. Somehow they get their 40 million paycheck on the way out the door.
 
Well I hear the guillotine falling on LEH as we speak. This report has not been independently confirmed but sound like it is plausible. I knew they HAD to do something this weekend. The game is on!

NEW YORK (Reuters) - A financial website said a deal has been reached to split beleaguered Lehman Brothers into two entities, with a "bad bank" taking the toxic, real-estate assets amounting to around $85 billion and Bank of America taking the lion's share of the good assets.

A second day of emergency meetings between regulators and Wall Street bankers on the crisis at Lehman ended on Saturday without an announcement, and talks were extended to Sunday.

Dealbreaker.com, whose story could not be independently confirmed, said the deal would be financed without any government backing. Lehman CEO Dick Fuld will resign, it said.

Britain's Barclays Plc and Japanese investment bank Nomura Holdings will also play a role, the website said, while an international consortium of financial firms will inject capital for the deal.

Dick Fuld's resignation was demanded by Bank of America, the website said.

Bank of America played a brinkmanship role in negotiations, threatening to let Asian markets open on Monday without a deal, the website said, citing a person familiar with the matter.

"Fuld is said to have taken ... developments very badly," the report said. "He does not believe that the situation is as desperate as others on Wall Street believe it is, and may be trying to negotiate an alternative deal, we're told."

(Reporting by Ted Kerr, editing by Maureen Bavdek)
Click to expand...

http://www.reuters.com/article/topNews/idUSN1436126020080914
 
Barclays Emerges as a Leader In Talks Over Lehman Brothers

http://online.wsj.com/article/SB122139688846233147.html?mod=hpp_us_whats_news

By CARRICK MOLLENKAMP, DEBORAH SOLOMON, AARON LUCCHETTI, SERENA NG and SUSANNE CRAIG
September 14, 2008 9:21 a.m.

Barclays PLC, the U.K.'s third-largest bank, is emerging as a leading contender for Lehman Brothers Holdings Inc. as discussions continued Sunday in London and New York in what is a highly fluid and pressure-charged environment.
A sale of Lehman to either Barclays or Bank of America Corp. remained dependent on government financial support, according to people familiar with the situation. According to these people, Barclays appeared to be moving more aggressively in trying to find a way to complete a deal.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a4_sTZKDOUwk&refer=home

Sept. 14 (Bloomberg) -- Barclays Plc, the U.K.'s third- biggest bank, moved closer to making a bid for Lehman Brothers Holdings Inc. as the U.S. government raced to find a solution for the faltering investment bank, two people familiar with the situation said.
Senior executives of major financial-services companies arrived at the New York Federal Reserve building in lower Manhattan this morning to discuss a rescue plan, including Citigroup Inc. Chief Executive Officer Vikram Pandit and Robert Wolf, chairman for the Americas at UBS AG. JPMorgan Chase & Co. sent CEO Jamie Dimon, Investment Bank Co-CEO Steven Black and General Counsel Stephen Cutler.
Barclays's takeover approach depends on whether losses from Lehman's mortgage-related holdings can be sealed off, said the people, who declined to be identified because no formal offer has been made. Bank of America Corp., the biggest U.S. consumer bank, also is among the potential bidders for New York-based Lehman, which has lost 94 percent of its market value this year after record losses from investments tied to mortgages.
``The solution is to force the merger of Lehman now, this weekend, with a big commercial bank,'' said Richard Bove, a Lutz, Florida-based analyst at Ladenburg Thalmann & Co.
 
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Corepuncher said:
I am infuriated that the government is now stealing my money to bailout those who were irresponsible and overly greedy.
Bailouts make me SICK!:sick::sick::sick:
Click to expand...

Seriously...how do we let our concerned be known?

Congress or Senate? Or both?

What should I say in an email? That I'm going to actively campaign against their re-election?
 
KevinD said:
Seriously...how do we let our concerned be known?

Congress or Senate? Or both?

What should I say in an email? That I'm going to actively campaign against their re-election?
Click to expand...

Contact your two Senators and your Congressman. Let them know how you feel and that you as a taxpayer am fed up with the bail outs using tax dollars that do not exist. Demand fiscal responsibility and a balanced budget. No deficit spending, that is what has got us in trouble as a government and a nation. Borrowing more money to buy what you can not afford is not the answer. Saving is the answer.
 
It does look like it is coming and the US Gov can't stop it. FDIC is strapped, Fed is strapped, Treasury is strapped, consumer is strapped, lenders are strapped, companies are strapped, etc.

Hello higher taxes. Got ROTH?

I just hope I can make a relatively painless departure from the C Fund.

Watching Bloomberg Asia and the breaking news is that AIG is seeking $20 billion in new capital. Doesn't Buffet own a large chunk of that? Bet he is slamming Cherry Cokes one after another on that one.
 
Let see, LEH, MER, WM, BAC, all taking a hit. Ouch! I may need to buy some of my silver back or I may let this wash out good and pick and high probability bounce.
 
What I like to know is how much of tax payer's money will be backstopping BAC for their rescue of MER.:rolleyes:


What this tells me is that the Feds are really scared.
 
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