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Gotta like when Fuld stated he received no severance in this article....
....was confronted on that and asked didn't you receive approx. 430 million???
HIS ANSWER: "No it was ONLY 310 million."....awww poor guy!!!!!
Not bad at all for driving a major company into the ground. And now he's the new CEO for Sears' Craftsman division!!!
SOME GUYS HAVE ALL THE LUCK - DONT'YA THINK?
GLTA
FANTASTIC new article exposing secret dealings...
http://www.rollingstone.com/politics/news/why-isnt-wall-street-in-jail-20110216
MUST READ, COVERS LEHMAN.
Bernake stated that after Lehman's failure that he was concerned that GS would also fail....AS IF!!!!
I believe he's also taking that obvious smokescreen attempt to his deathbed ;)
GLTA
Bernake stated that after Lehman's failure that he was concerned that GS would also fail....AS IF!!!!
I believe he's also taking that obvious smokescreen attempt to his deathbed ;)
GLTA
Needles & pins, so it begins...
...waiting for Peck to make 3 landmark rulings...
1. Throw out JPM's counter suit (hurry up with that willya James!!!)
2. Rule in favor of LEH against Barclays
3. Rule in favor of LEH against JPM
The above will happen just a matter of when - ***IMO***
ADD to my wish list - New multi-billion suit against GS who reaped billions from during and after the demise of LEH. I do NOT believe this was simply coincidence.
GLTA
Anyone make any sense outta this?
http://www.reuters.com/article/2011/02/15/manufacturing-lem-holding-sa-table-idUSLDE71E05W20110215?feedType=RSS&feedName=industrialsSector&rpc=43
Found it as a PR on N series Yahoo.
GLTA
Anyone make any sense outta this?
http://www.reuters.com/article/2011/02/15/manufacturing-lem-holding-sa-table-idUSLDE71E05W20110215?feedType=RSS&feedName=industrialsSector&rpc=43
Found it as a PR on N series Yahoo.
GLTA
Fed should have and could have saved Lehman - new article...
http://www.bloomberg.com/news/2011-02-11/billionaires-soros-paulson-say-fed-at-fault-in-financial-crisis.html
GLTA
WOW, VERY INTERESTING!!!
Domain Name: lehman.com (reposted from Yahoo board "the a team")
Registrar Name: Markmonitor.com (info source)
Registrar Whois: whois.markmonitor.com
Registrar Homepage: http://www.markmonitor.com
Administrative Contact: DOMAIN OWNERS!!!
Legal Department
Barclays Capital Inc.
200 Park Avenue
New York NY 10166
US
+1.2124124000 Fax:
Technical Contact, Zone Contact:
Legal Department
Barclays Capital Inc.
200 Park Avenue
New York NY 10166
US
+1.2124124000 Fax:
Created on..............: 1993-03-26.
Expires on..............: 2012-03-26.
Record last updated on..: 2010-11-24.
Domain servers in listed order:
ns.lehman.com
ns3.lehman.com
ns8.lehman.com
ns2.lehman.com
WOW, VERY INTERESTING!!!
Domain Name: lehman.com (reposted from Yahoo board "the a team")
Registrar Name: Markmonitor.com (info source)
Registrar Whois: whois.markmonitor.com
Registrar Homepage: http://www.markmonitor.com
Administrative Contact: DOMAIN OWNERS!!!
Legal Department
Barclays Capital Inc.
200 Park Avenue
New York NY 10166
US
+1.2124124000 Fax:
Technical Contact, Zone Contact:
Legal Department
Barclays Capital Inc.
200 Park Avenue
New York NY 10166
US
+1.2124124000 Fax:
Created on..............: 1993-03-26.
Expires on..............: 2012-03-26.
Record last updated on..: 2010-11-24.
Domain servers in listed order:
ns.lehman.com
ns3.lehman.com
ns8.lehman.com
ns2.lehman.com
WOW, VERY INTERESTING!!!
Domain Name: lehman.com (reposted from Yahoo board "the a team")
Registrar Name: Markmonitor.com (info source)
Registrar Whois: whois.markmonitor.com
Registrar Homepage: http://www.markmonitor.com
Administrative Contact: DOMAIN OWNERS!!!
Legal Department
Barclays Capital Inc.
200 Park Avenue
New York NY 10166
US
+1.2124124000 Fax:
Technical Contact, Zone Contact:
Legal Department
Barclays Capital Inc.
200 Park Avenue
New York NY 10166
US
+1.2124124000 Fax:
Created on..............: 1993-03-26.
Expires on..............: 2012-03-26.
Record last updated on..: 2010-11-24.
Domain servers in listed order:
ns.lehman.com
ns3.lehman.com
ns8.lehman.com
ns2.lehman.com
Gee, if Lehman wasn't forced into BK they'd have amazing returns....
http://www.businessweek.com/news/2011-02-10/lehman-lives-in-clos-generating-50-returns-amid-loans-rally.html
MILLER SAYS LEH TO EXIT BK THIS YEAR...
http://www.washingtonpost.com/wp-dyn/content/video/2011/02/09/VI2011020902668.html
GLTA
MILLER SAYS LEH TO EXIT BK....
http://www.washingtonpost.com/wp-dyn/content/video/2011/02/09/VI2011020902668.html
GLTA
LEHMAN EXITING BK THIS YR MILLER SAYS....
....ALSO SAYS "FORCED BK OF LEH WAS UNECESSARY"...
....A PLAN WILL BE APPROVED, WE HOPE IT'S OURS."
GLTA!!!
http://www.washingtonpost.com/wp-dyn/content/video/2011/02/09/VI2011020902668.html
TooGood - Is this latest affiliate settlement part of that larger 45 billion wash you were talking about or is it something else?
TIA
J's up 344% on 5K....LOL!!!
eom
Toogoodfeller....
Are you proposing (in your opinion of course) that FULL recovery is even a remote possibility??? As in A=L like in your numbers??? Marsal & crew incurring massive expenses BUT also adding to the kitty so I guess as long as they're adding more than they're spending it's good. If LEH wins its BIG lawsuits maybe, just maybe so....HUGE IFS
I would have enough money to buy a plane, a yacht and a house in the Bahamas!
GLTA
Huge news awaiting folks...LINK!
http://www.automatedtrader.net/real-time-dow-jones/43973/lehman-asks-judge-to-dismiss-jp-morgan-counter-lawsuit
Should see some upward movement if Peck throws this out. GO PECK!!!
GLTA
Huge news awaiting folks...LINK!
http://www.automatedtrader.net/real-time-dow-jones/43973/lehman-asks-judge-to-dismiss-jp-morgan-counter-lawsuit
Should see some upward movement if Peck throws this out. GO PECK!!!
GLTA
100K shares traded -50%....
means nothing at this point...we will fly or die...no in between.
IMO
GLTA
WOW....has anyone seen greed at this level???
Paulson - AND this guy wants more money from Lehman!!!
http://online.wsj.com/article/SB10001424052748704268104576108390332589096.html
Banking reforms are a smoke screen....MF'ers!!!!!!!!!!!!
PECk NOT allowing secret documents...LINK.
http://www.bloomberg.com/news/2011-01-28/lehman-jpmorgan-aim-to-keep-examiner-s-documents-secret-in-court-fight.html
GO PECK!!!
Who's protecting this rarely mentioned guilty party???
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7608743/Goldman-Sachs-implicated-in-shorting-Lehman-shares.html
Maybe Fuld was right about the massive shorting. Who else could have done it on such a massive scale and so quickly and efficiently. GS probably made 50 billion NAKED shorting LEH.
If it smells like crap, GS is involved! I wonder why no news on this for 6 months....fingers crossed....could be billions more in the form of a lawsuit....however, GS has EVERY single politician Reps & Dems in their very deep pockets.
GLTA
THIS is the best part, thks Slumurgian....
Federal government oicials decided not to rescue Lehman for a variety of
reasons, including the lack of a private irm willing and able to acquire it, uncertainty about Lehman’s potential losses, concerns about moral hazard and political
reaction, and erroneous assumptions that Lehman’s failure would have a manageable impact on the inancial system because market participants had anticipated
it. After the fact, they justiied their decision by stating that the Federal Reserve
did not have legal authority to rescue Lehman.
The inconsistency of federal government decisions in not rescuing Lehman after having rescued Bear Stearns and the GSEs, and immediately before rescuing
AIG, added to uncertainty and panic in the inancial markets.
They never "said" they would do it but they for sure wudda...
The bankruptcy estate alleges that later that night, JP Morgan demanded that
Lehman execute amended agreements to its tri-party repo services before preannouncing its third-quarter earnings the next morning. The amendments required Lehman to provide additional guarantees, increased Lehman’s potential
liability, and gave JP Morgan additional control over Lehman bank accounts.
??
Again,
the Lehman bankruptcy estate argues that Lehman executed the agreements because
JP Morgan executives led Lehman to believe its bank would refuse to extend intraday
credit if Lehman did not do so. JP Morgan denies this. Black told the FCIC, “JPMC
never told Lehman that it would stop extending credit and clearing if the September
Agreements were not executed before the markets opened on [Wednesday,] September ??, ????.”
?
"Steven Black, JP Morgan’s president, said he 'requested' 5 Billion
billion from Lehman, which agreed to post 3.6 billion. He did not believe the request put undue pressure on Lehman."
LOL/GLTA
Another interesting PR...
http://www.bloomberg.com/news/2011-01-28/lehman-brothers-had-200-billion-in-overnight-repos-ahead-of-2008-failure.html
More & more details surfacing....hmmmmmmmm
GLTA
Confidential FED emails on saving Lehman....
http://c0181567.cdn1.cloudfiles.rackspacecloud.com/2008-07-21_Federal_Reserve_Bank_Email_from_Patrick_M_Parkinson_to_Scott_Alvarez_Re_Our_Options_in_the_Event_of_a_Run_on_Lehman_Brothers.pdf
Like I said in my previous post...NO INCENTIVE...and they ALL hated Fuld.
GLTA
THIS IS TOO GOOD!!!!
http://www.foxbusiness.com/markets/2011/01/27/fed-discussed-emergency-loan-b-save-lehman-documents/
In testimony to the financial crisis commission in September last year, Bernanke told members, "I wish we had saved Lehman but it was beyond our ingenuity and capacity to do it."
I THINK THEY SHOULD HAVE REPLACED "INGENUITY" with "INCENTIVE"
GLTA
If you are correct & I really hope you are....
....what is your projection for J's, N's & other LEH classes?
TIA
It is getting interesting, Suckow said they met with "ALMOST" all stakeholders....
http://online.wsj.com/article/SB10001424052748703293204576105382857164652.html
Funny no-one spoke to me ;)
GLTA
Anyone going to this event?
http://www.lasalle.edu/univcomm/2011/marsal.html
When some creditors released their alternate plan recently I am quite sure that that particular PR stated that Marsal was releasing his own updated plan BEFORE year's end. We shall soon see I guess.
GLTA
Marsal's new plan???
Didn't he promise a new one by year end? Is he waiting until Friday or?
GLTA
U2 Jersey! And a prosperous 2011 ;)