Lehman

Continued from part2Impact of subprime mortgage banksruptcy filingThe Dow Jones closed down just over 500 points on September 15, 2008, at the time the largest drop by points in a single day since the days following the attacks on September 11, 2001. (This drop was subsequently exceeded by an even larger plunge on September 29th, 2008.)Lehman's subprime mortgage banksruptcy is expected to cause so

Continued from part1Subprime mortgage banksruptcy filingLehman Brothers filed for Chapter 11 subprime mortgage banksruptcy protection on September 15, 2008.Breakup processOn September 20, 2008, a revised proposal to sell the brokerage part of Lehman Brothers holdings of the deal, was put before the subprime mortgage banksruptcy court, with a $ 1.35 billion (£700 million) plan for Barclays Plc to

Lehman Brothers filed for Chapter 11 subprime mortgage banksruptcy protection on September 15, 2008. The subprime mortgage banksruptcy of Lehman Brothers is the largest subprime mortgage banksruptcy filing in U.S. history with Lehman holding over $600 billion in assets. BackgroundIn August 2007, Lehman closed its subprime mortgage lenders, BNC Mortgage, eliminating 1,200 positions in 23 locations

SNGAPORE : Several Singapore town councils may have lost a small part of their sinking funds through exposure to failed Lehman Brothers-linked investment products.Even our town councils have faith in Lehman Brothers. Really have to thank The Straits Times for digging news, though I don't really trust what papers reported. Continue digging....I thought the ordinary folks who bought Lehman bonds a

By ALEX KENNEDY,Associated Press Writer AP SINGAPORE - U.S. bank Morgan Stanley said 26 million Singapore dollars ($17.2 million) of notes linked to bankrupt brokerage Lehman Brothers Holdings Inc.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The Lehman Brothers saga has cause many investor trying to salvage whatever left for them.

By DIKKY SINN,Associated Press Writer HONG KONG - An investigation will be launched in Hong Kong into the sale of financial products linked to collapsed U.S. investment bank Lehman Brothers after... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Segnalo questo interessante articolo di Jennifer Hughes pubblicato sul Financial Times di questo week-end (Parte 1 e Parte 2) sul team di amministratori chiamati a gestire in sole 24 ore la bancarotta di Lehman Brothers in Europa. L’affascinante articolo offre diversi spunti di riflessione anche per quanti si occupano di crisis management. Uno dei più interessanti riguarda la necessità di pred

HONG KONG (Reuters) - Angry Hong Kong investors, some banging gongs and others waving banners, scuffled outside a bank on Friday as frustration mounted over losses tied to investments linked to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Everyone had Feraris but what about the fuel cost after being fired? Source

Oct 27 - The collapse of U.S. investment bank Lehman Brothers caused anguish in a small Japanese town. Last year, the social welfare council in the small town of Higashi Matsuyama, north of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

As a shareholder, you must be extremely cognizant of how the management team of your company is compensated. An ideal compensation structure pays executives enough such that they're not worried about meeting their family obligations, but otherwise aligns their interests with those of shareholders. Contrary to popular belief, stock options do not align manager interests with those of shareholders,

It seems like everyday hundreds of being laid off, with the brunt of it happening on Wall Street. What do these brokers, investment bankers, and executives do now? Life must seem pretty dull now, right?

The collapse of giant financial institution summarized in one line…

I wrote a little while ago about the failed West Caicos Molasses Reef project due to Lehman Brothers' bankruptcy. Today I read about another victim to this mess, the US$1 billion Cap Cana resort in the Dominican Republic, which was relying on a US$250 million loan from Lehman Brothers Holdings Inc. 500 people out of work and how many pre-sale investors money down the tubes?Tags: Caribbean, News,

(4-traders.com) Citing people close to the probe who requested anonymity, the Times said federal prosecutors in Brooklyn, Manhattan and New Jersey were examining events leading to Lehman's collapse and bankruptcy filing. One...-ABS-CORP-105153/news/LEHMAN-ABS-CORP-Probe-of-Lehman-collapse-escalated-report-591190/

Posted Oct 15th 2008 10:20AM by Peter Cohan Filed under: Citigroup Inc. (C), JPMorgan Chase (JPM), Bank of America (BAC), Amer Intl Group (AIG), Financial Crisis The financial crisis is not over. If things were back to normal, banks would be lending to each other and to businesses and individuals. But measures of bank lending risk [...]

Found by John Ligums

  LATELY, I have been thinking a lot about the Lehman crisis. Spending money that they didn’t have and going beyond their means is one of the main reasons for their situation today. In fact thatli is the cause for the current economic crisis in the US. When I see this entire happening, I can only [...]

Lehman Brothers, an innovator in global finance, serves the financial needs of corporations, governments and municipalities, institutional clients, and high net worth individuals worldwide. Founded in 1850, Lehman Brothers maintains leadership positions in equity and fixed income sales, trading and research, investment banking, private investment management, asset management and private equity. Th

Lehman Brothers, an innovator in global finance, serves the financial needs of corporations, governments and municipalities, institutional clients, and high net worth individuals worldwide. Founded in 1850, Lehman Brothers maintains leadership positions in equity and fixed income sales, trading and research, investment banking, private investment management, asset management and private equity. Th

This year 2008 is considered one of the most terrible fiscal years on record and will make the credit of the consumer even tighter, as the three firms in Wall Street filed for bankruptcy that worried... Please visit the site to continue reading...

By Rachelle Younglai and Kim DixonOctober 7, ReutersWASHINGTON (Reuters) - Richard Fuld, the disgraced head of Lehman Brothers, said he would wonder "until they put me in the ground" why the U.S. government did not rescue the 158-year-old Wall Street firm and claimed regulators knew the full scale of its condition far before its collapse.Fuld said he took full responsibility for his actions ahead

Lehman Brothers' Chief Executive Crapweasel, Richard S. Fuld, testified to Congress today about the sinking of the USS Lehman while under his command. It wasn't a pretty tale.

Perhaps it is important that someone be blamed for the failure of Lehman. Henry Paulson who did not order Treasury to step in with aid. The most convenient... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

There are so many scandals floating around Lehman. Both London and Bonn are pursuing 100’s of millions or billions traansfered from their Lehman branches to New York hours before it went bankrupt!!! Bank of America to Lehman: Where’s Our Money? Big investment partners claim billions of dollars just disappeared when Lehman filed for bankruptcy by Matthew Goldstein and David Henry T

Lehman Brothers VictimsHedge Fund Victims of the BankruptcyThe following is a short and far from exhaustive list of hedge funds which were recently affected by Lehman Brother's bankruptcy.London-based MKM Longboat Capital Advisors LLP said last week it will close its $1.5 billion Multi-Strategy fund in part because of assets stuck at LehmanLehman Brothers Holdings Inc.'s bankruptcy probably means

Investors in India already worry on the newses on the collapse of major US financial firms, Merrill and AIG (American International Group Inc.) put them to utter panic on lose of there money invested through DSP Merrill Lynch Mutual funds and Tata-AIG. Still most of them doesn't have any idea about the future of there investments. Here is the exact story on how these collapses impact Indian inves

Lehman Brothers Holdings is a 156-year-old company that encountered numerous near death experiences. It was at its peak ever in the year 2006. The CEO of the firm, Richard S. Fuld, Jr., took over... Please visit the site to continue reading...

So what happens when your net worth plummets by half a billion dollars while being at the helm of one of the biggest collapse in financial market history? You sell your multi-million dollar art collection and hope that you raise enough scratch to maintain your housekeeping staff (cause even a simple multi-millionaire shouldn't have to clean his own toilet). Dick and Kathy Fuld will be auctioning

Although the federal government defended its refusal to bail out Lehman Brothers, a story in the Wall Street Journal asserts that the consequences of that decision have been much more dire than predicted. That's the thing with predictions -- they're just GUESSES:Two weeks ago, Wall Street titans and the government's most powerful economic stewards made a fateful choice: Rather than propping up an

The keyword here is leverage. Lehman Brothers Holdings borrowed too much money. Lehman Brothers Holdings has outstanding liabilities of more than $600 billion, as according to the Reuters... Please visit the site to continue reading...

I wrote about WaMu, AIG and Lehman on September 12. On the 15th, Lehman announced its bankruptcy. On the 17th, the AIG bust/bail out was announced. On the 25th, WaMu is done. I expected these entities to really struggle, but I definitely did not expect that they would all be pretty much belly up within two weeks of my [...]

Sejumlah investor Indonesia ternyata ada yang menjadi korban dari bangkrutnya perusahaan sekuritas nomor empat Amerika Serikat, Lehman Brothers. Mereka, antara lain, membeli surat utang yang diterbitkan Lehman Brothers melalui bank-bank asing di Indonesia.

Everyone is curious to learn about the effects of the Wall Street turmoil on India. It is now known that bankrupt financial giant Lehman Brothers owes $5.5 million to Indian IT companies. Wipro seems to be the worst hit with nearly $2.3 million pending from Lehman followed by TCS ($1.39m), eClerx($0.56m), Polaris($0.51m), L&T Infotech($0.3m), Satyam ($0.25m), HCL($0.16m) and CTS($0.033m). Wipr

NEW DELHI: Mumbai-based Kalpesh Malhotra (name changed) was on top of the world when he joined the iconic investment bank, Lehman Brothers, early this year. He was among the select few, picked after a rigorous recruitment session, from one of India’s premier B-schools at a salary of Rs 18 lakh a year.But in a matter of months, the dreams of a great future, global business travel and meetings wit

Lehman Brothers has filed for Chapter 11 bankruptcy protection. Merrill Lynch was rescued by Bank of America for $50 billion. Already a number of investment banks and government sponsored... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Barclays' plan to buy Lehman Brothers' core business for £700m has been backed by New York bankruptcy judge James Peck. More.

AIG, Lehman Turmoil Bump Mortgage Rates Higher The increasingly terrifying Wall Street turmoil is reversing—at least for now—a downward trend in mortgage rates. Thirty-year fixed mortgage rates had fallen measurably in the aftermath of the government's September 7 seizure of mortgage finance giants Fannie Mae and Freddie Mac. But over the past couple of days—thanks to the mayhem surroundi

Lehman Brothers, who recently filed the largest bankruptcy in history, has won U.S. Court approval to sell its business to Barclays for $1.75 billion. Barclays is the third largest bank in the U.K. Bankruptcy Judge James Peck overruled objections from Lehmans creditors who argued the deal was moving to quickly stating that it was clear that other purchasers would not emerge if he delayed the de

As a follow-up to Laura’s excellent article about the Lehman Brothers collapse and the state of the Neuberger Berman art collection, Artnet News reports the following: Lehman’s Art Collecting Unit To Be Sold The 158-year-old investment bank Lehman Brothers filed for Chapter 11 bankruptcy on Monday, Sept. 15, 2008, sending...

Recent collapse of Lehman has the Department of Industrial Policy and Promotion (DIPP) and the Reserve Bank (RBI) meeting soon to discuss the situation. Lehman has $500 million investment in Indian real estate projects. Lehman invested $200 million last year in DLF promoter group company DLF Assets. It has also invested $80 million in Bangalore [...]

MANILA, Sept 19 - Seven Philippine banks have a total exposure of $386 million to bankrupt U.S. investment bank Lehman Brothers, according to a newspaper report on Friday. Even assuming the banks... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

STATEMENT BY MAYOR MICHAEL R. BLOOMBERG ON BARCLAYS DEAL WITH LEHMAN BROTHERS THAT WILL PRESERVE THE BULK OF LEHMAN’S JOBS IN NEW YORK CITY "On Monday, I detailed how New York City is as prepared as we could be for the latest Wall Street turmoil because we've budgeted responsibly, saved for the future, worked to diversify our economy, sharpened our competitive ad

If you have a TV, computer, cell phone, newspaper, eyes, ears, or any of the five senses at all, you know that both Merrill Lynch and Lehman Brothers experienced an interesting turn of events over the past weekend. In case you don’t, Lehman Brothers, one of the world’s four major banks filed for Chapter 11 [...]

FauxNews ™ September 18, 2008Camp CaboWabo, Ca -In a surprising new trend, thousands of now out of work Lehman Brothers Investment Bankers and Floor Trader have been signing up for careers in the US Army and Marines.Since the massive Bank failed and went into bankruptcy this past week, many 40, 50 and 60 year old Middle Managers from Lehman Brothers have taken the path to the one last growth Ind

Only two days ago, I wrote about the failure of Lehman Brothers, and was relatively positive about the way it was handled. Yesterday, while I was out, the US Government announced a rescue package for AIG (the Mega-insurer who at the beginning of the year was the world’s 18th largest company, not bank, but company!) I’m still [...]

IT all began with the sub-prime crisis. If you lost your money in the market crash of January 2008, here's the route to your loss, in chronological order. 2001-2005: House prices in the US begin to rise rapidly. Banks lend aggressively and create a sub prime industry. Sub-prime lending refers to lending (at slightly higher interest rates) to people who may not be eligible for a loan under norma

Dua pria homo di atas beraksi selagi reporter dari CNN membawakan hot news tentang Lehman Brothers bangkrut. Sepertinya pria homo tersebut tidak ada respect sama CNN dan juga mereka mau cari sensasi ya.

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SHANGHAI (AFP) - - Bank of China said it had 128.8 million dollars of exposure to Lehman Brothers as more Chinese banks revealed on Thursday how much the collapsed US titan could cost them. The bank... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Ashish Sinha, a middle-management employee with Lehman Brothers’ business process outsourcing (BPO) unit in Mumbai, was going to move into a bigger house in October for a rent of Rs 16,000 a month. He was also planning to get married in the middle of the month.However, since Monday, when Lehman Brothers filed for bankruptcy, he found himself jobless. He has approached his new landlord to refund

The Wall Street has made its biggest losses since 9/11 as the world suffered a global financial crunch. Manic Monday saw the US financial market downsliding to its worst tumble since 9/11 with three major financial tragedies: the bankruptcy of Lehman brothers, the sale of Merrill Lynch and the largest insurer AIG being downgraded by credit rating agencies. The financial tsunami which has drowned

We thought things were bad when we saw Bear Stearns and IndyMac go under, but this past week has seen more financial casualties than both of those giants combined.  Thankfully, Bank of America is buying Merrill Lynch, but Barclays is still sitting on whether to buy part of Lehman Brothers.  The Fed has begun to [...]

The turmoil that the financial market in the United States is going through hit a new low on Monday. This has been the most terrible day Wall Street has faced in the last 7 years. With the collapse of one of America's most respected banks, investors are now left to wonder which giant will fall next.

As with most U.S. financial troubles in the past 12 months, the Lehman Brothers collapes too has spread to the UK with thousands of jobs already lost. Some of Britains biggest companies were shaken as worry spread across the capital’s financial district. Volatile trading ensued as the market headed for a 2nd day of losses during [...]

Una compañía dirigida por ejecutivos de altos vuelos que asumieron riesgos excesivos sin estar avalados por suficiente capital, verdaderos tiburones de las finanzas sin escrúpulos. Lehman Brothers, el cuarto banco de inversiones fundado hace más de 150 años, tiene una deuda cifrada en 613000 millones de dólares. Pese a ello, agencias de calificación de refere

Investment banks face govt questions: By INDERIA SAUNDERS, Guardian Business Desk - Nassau, Bahamas: The collapse of Lehman Brothers, the forced sale of Merrill Lynch and an entire investment industry under the microscope means the Bahamian government will now ask developers partnered with those troubled players some tough questions. "I am sure we will be making some inquiries," State Ministe

Reserve Primary Money Fund Falls Below $1 a Share "The fund, whose assets plunged more than 60 percent to $23 billion in the past two days, said the Lehman losses forced the net value of its assets below $1 a share, known as breaking the buck. Reserve Primary, the oldest money fund in the nation, fell to 97 cents a share and redemptions were suspended for as long as seven days." Potent

After the US government put out a forest fire with the takeover of Freddie Mac and Fannie Mae last week, Wall Street’s troubles were far from over. As they say, when you see a rat in the house, you can bet there are hundred more rats lurking in the dark corners. Slowly but surely, they [...]

“..why events like this happens, especially with the fall of not only Lehman Brothers, Merrill Lynch, AIG but the previous big names like JP Morgan, Bear Stearns and even Freddie Mac and Fannie Mae, which were now taken over by the federal government. This is the only way to appreciate why everyone is rattled with [...]

Entirely by coincidence I happened to be outside the London HQ of Lehman Brothers yesterday morning when the news broke about the UK operation going into administration.Anyone leaving the building had to face a press firing squad if they were lucky - and something approaching a descent of vultures if they happened to slow down long enough to be entangled in the news hungry media folk.It was actual

15th Sept 2008 has become a black day in the history of financial market with US fourth-largest investment bank Lehman Brothers filing for bankruptcy. Already Merrill Lynch has been acquired by the Bank of America and AIG is also verge of bankruptcy. How it happened? How 158 years old finance giant became bankrupt? Today I [...]

Italy has been envious of the big sister America.Since the days in which our Colombo put a foot on it.Since the days our ancestors put their feet on it.Since the days America was a great power and Italy dreamed to be the same.So why not following the disaster's footsteps?We began with Cirio and Parmalat (nothing of course comparable with American's) and now, we proudly follow with the Nation's win

New York City, United States of America'Little greed is essential to maintain Capitalism but excess greed can destroy it'-Adam Smith,EconomistThis is what flashed my mind when I read about the Lehman Collapse this morning. If in Washington D.C I was mesmerized by Jefferson's view on excessive liberty by the time I arrived back to New York after spending hectic days on the East Coast I began to con

From ForbesHONG KONG, Sept 16 (Reuters) - Hong Kong's shares tumbled 5.4 percent to a near two-year low on Tuesday after Lehman Brothers sought bankruptcy protection and fears about the U.S. financial system knocked equity markets down across the world.Financial plays tumbled after Lehman failed to find a rescuer, insurer AIG struggled for survival and Merrill Lynch was snapped up by Bank of Ameri

Find out what Lehman Brothers' bankruptcy means to you.Social Bookmarking Add to OnlywireAdd to: | Technorati | Digg | del.icio.us | Yahoo | BlinkList | Spurl | reddit | Furl |

The Lehman Brothers investment bank collapsed, giant brokerage firm Merrill Lynch was sold, and AIG, the world's largest insurance company, is having financial troubles. CBS 2's Alexis Christoforous reports from Wall Street.Social Bookmarking Add to OnlywireAdd to: | Technorati | Digg | del.icio.us | Yahoo | BlinkList | Spurl | reddit | Furl |

In the news was the filing for bankruptcy of the renowned and long-established financial institution in America, the Lehman Brothers. It is a 158 year old company that survived world wars, the Asian financial crisis and the collapse of hedge fund Long-Term Capital Management, but not the global credit crunch? Sunlife, Metrobank and Banco de Oro are just some of the Philippine companies that had

Stock Markets Dipped In Fear Of Global Financial CrisisBy GREG KELLER, AP Business Writer stock markets swooned again Tuesday as the global financial crisis caused investors to worry that asset prices have yet to hit rock bottom.In early afternoon trading, Paris' benchmark CAC-40 index was down 1.41 percent, Germany's DAX 30 index of blue chips was down 1.62 percent and the FTSE-100 share index

Afirman que el impacto en la región se dará por menores exportaciones. El Perú estaría bien preparado para enfrentar una desaceleración Por Luis Davelouis Lengua La quiebra del banco de inversión Lehman Brothers, la compra --con canje de acciones incluida-- de su competidor Merrill Lynch por parte del Bank of America y los problemas de liquidez por los que atraviesa American International

Lehman, the fourth biggest investment bank has gone into administration (or Chapter 11, as it’s called in the States.) It’s among friends - Bear Stearns was bought by JP Morgan Chase earlier in the year, and the US Government effectively nationalised Fannie Mae and Freddie Mac (two large insurance companies for which we don’t really have [...]

SINGAPORE, Sept 16 - DBS Group , Southeast Asia's largest bank, said late on Monday its direct exposure to Lehman Brothers is insignificant, but its customers may be affected through its sale of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

As you probably know Lehman Brothers (NYSE: LEH), one of the largest financial corporations in the world, filed for Chapter 11 bankruptcy protection in New York for its holding company this morning after being unable to find a buyer. I went to check out the situation outside of the Lehman HQ in Times Square earlier this evening and saw hundreds of people taking pictures, talking and wondering w

It's all happeningBloomberg - U.S.Stocks drop the most since 2001The S&P 500 declined 59 points, or 4.7 percent, to 1,192.70, the lowest level since October 2005. The Dow Jones Industrial Average tumbled 504.48, or 4.4 percent, to 10,917.51. The MSCI World Index of developed-market equities slumped the most in six years while the 7.6 percent drop in Brazil's Bovespa was the steepest since Sept

TAIPEI, Sept 15 - Taiwan financial companies and retail investors had about T$80 billion exposure to investments of Lehman Brothers, the island's top financial regulators said on Monday. Insurers,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Market Recap : Financial Market is going thru rough patch. Lehman Bros shares were traded at $0.15 cents as financial firm filed Bankruptcy under chapter 11. This gives clear indication on Indian Financial firms will have to give litmus test very soon. European and Asian Market will open in RED and along with Financial Market, Power, Agriculture, Bank, shipping will be impacted. Oil per

AIG is currently scrambling for cash. New York state has authorized the company to transfer nearly $20 billion in assets from its subsidiaries in order to use as collateral in its daily operations. This allows the company to provide a loan to itself. The company who continues to face difficulties due to the credit crises has seen its stock tumble more then 91 percent thus far this year.

The collapse of Lehman Brothers lead to a Dow Jones fall of 500 points - the worst one-day loss in over 6 years, reported the Times Online. With Lehman crumbling into bankruptcy, AIG’s prospects looked dim were it not for a $20bn bailout. Following the Dow’s plunge S & P’s 500 Index also fell by 58.74 [...]

Il fallimento di Lehman Brothers, il colosso bancario statunitense che ha chiesto l'ammissione ai benefici del Capitolo 11, è il più grande nella storia delle bancarotte mondiali. Lehman ha superato infatti il "crac" di WorldCom, il gruppo telefonico che finì in amministrazione controllata nel 2002 per via di alcune grosse irregolarità contabili. Lehman Brothers ha un debito pari a circa 613 m

*Gedebum*… Akhirnya pohon besar itu roboh….. Mungkin ada sebagian teman-teman pembaca blog ini yang membaca artikel seri Edison’s Week in Review minggu lalu (7 Sep 2008). Ketika itu saya menulis bahwa: Sebagai seseorang yang mengamati krisis subprime dan krisis kredit dari awal, sejujurnya selama ini saya merasakan suatu kejanggalan. Kepala saya selama ini selalu diisi oleh pert

To my investors:  Reposted this article to show you the uncertainty in the financial markets (as if you didn't know).  Felt that this assessment of the situation hits the nail on the head.  This is still a great time to pick up further investments.  Mortgage money is available.  Rates appear to be coming down even further.  Sales inventories are bloated and sellers ar

Aujourd'hui la Banque Américaine LEHMAN BROTHERS a annoncé sa mise en faillite pour garantir ses actifs et permettre de régler les salaires de l'ensemble de ses employés. La banque avait procédé à une vague de quelques 1500 licenciements ces derniers temps, afin de remonter sa situation financière. LEHMAN BROTHERS 4° banque d'investissements Américaine a perdu en trois mois plus d

En marzo fue Bear Sterns. Ahora Lehman Brothers.Entonces escribí un artículo titulado "la quiebra del año", pero el año aún no ha acabado y le ha tocado el turno a Lehman. Además Merrill Linch ha sido comprado por Banc of America, lo que parece una operación de salvamento encubierta, ya que Merrill también entraba en las apuestas sobre los bancos que más estaban sufriendo en USA.Esto me r

Los principales índices bursátiles neoyorquinos se dejan arrastrar por el pesimismo, los temores sobre el sector financiero y la incertidumbre, y auguran una apertura en negativo. La quiebra de Lehman Brothers y el rescate de Merrill Lynch no dejan indiferentes a unos inversores que esperan con ansiedad la decisión de tipos por parte de la [...]ShareThis

The Lehman crisis has dominated news today, in every quarter. Amid all the doom and gloom there are some people who are as happy as a Goldman banker at bonus time. The socialists. I have read so much on the web about capitalism getting what it deserves (finally) and comments on blogs about 'greedy bankers' causing the downfall of the financial system. It's all very entertaining and I can see

Dear Friends although this blog doesn't mean to provide info about share market. But I found this info so good that I thought I should share this with you all. When we hear of the news of lehman brother is going to file for bankruptcy the first thing that comes to our mind is the day when bear...

Lehman Brothers anunció esta mañana que se declara en quiebra tras una serie de negociaciones frustradas con Barclays y Bank of America.Consecuencias inmediatas:- La cotización de los bancos españoles cae un 3% aproximadamente.- Compra de Merril Lynch por parte de Bank or America.- La Fed anunciará medidas para apoyar el sistema financiero.- 10 bancos internacionales (Bank of America, Barclay

It finally happened, Lehman Brothers, the US investment bank, has said that it intends to file for bankruptcy protection "in order to protect its assets and maximise value". Consequently, expect the markets to tank on the news as potential ripples spread through the markets today. Barclays Bank and the Bank of America pulled out over the weekend after the potential buyers said they were not

Mish - U.S. Foreclosures Hit Record In AugustCNBC 9/14 7:30pm - Lehman Brothers Plans to File for Bankruptcy ShortlyWSJ - WALL STREET IN CRISIS Special CoverageCNBC - The Fall Of Lehman Brothers Special Report PageWSJ - Crisis on Wall Street as Lehman Totters, Merrill Seeks Buyer, AIG Hunts for CashReuters - U.S. asset prices whipsaw as Lehman talks falterNYT & IHT - Frantic day on Wall Street as

My ES TREND Chart above... Price on the ES has taken a hit, after news of the failed talks between Lehman Brothers & Barclays had been made known over the weekend. Last Friday's market action pointed to some more upside(before turning down again) for the ES but with this downward spike, the risks to the down side has increased again, barring any positive news for Lehman's survival.

I've been reading the dire financial news breaking today, the precipitous collapse of Lehman Brothers Holdings Inc., and wondering how a potential bankruptcy or breakup of the firm might affect life in the greater New York area. While various news outlets such as The New York Times, Bloomberg News, thestreet.com, and The Wall Street Journal have done excellent reporting on the financial aspects of

BofA and Barclay's have pulled out of the bidding, so bankruptcy looks likely. It looks like the Government not backing up the deal is what killed it. They didn't want to risk tax payer money again. Ironically, their backing of the Bear Stearns deal hasn't cost them anything yet though.LEH going bankrupt will cost me about $7,000.

Here is the latest article (CNBC):As top Wall Street executives arrived Sunday morning for another round of talks to resolve the Lehman Brothers crisis, sources said the group continued to work on how to handle the possibility of a deal not getting done before Monday.By mid-morning, Federal Reserve Chairman Ben Bernanke was said to have been involved in several conversations by phone from Washingt