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Got Parlay? I see Wamu going up tomorrow with Lehman Brothers. They have been neck to neck and tomorrow should be a good day for both of them.
Wamu and Lehman!!!
Court hearing tomorrow @ 10:00am
Notice of Hearing : Notice of Agenda of Matters Scheduled for Hearing on September 15, 2009 at 10:00 a.m. filed by Harvey R. Miller on behalf of Lehman Brothers Holdings Inc.. with hearing to be held on 9/15/2009 at 10:00 AM at Courtroom 601 (JMP) (Miller, Harvey)
Debtor: Lehman Brothers Holdings Inc.
Related: none
Agenda: http://chap11.epiqsystems.com/viewdocument.aspx?DocumentPk=cdca8763-2d42-4cf5-8a71-037a237f0cae
I am hoping for something good from Obama's speech tomorrow. He needs to restore the confidence in the financial sector.
How can he do that?... help out Lehman Brothers. They were pushed to fail.
I am hoping for something good from Obama's speech tomorrow. He needs to restore the confidence in the financial sector.
How can he do that?... help out Lehman Brothers. They were pushed to fail.
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/6184667/Distressed-debt-funds-swoop-on-Lehman-Brothers.html
In a sign that the market believes administrators will extract some value from the wreckage, funds have bought up billions of pounds worth of Lehman Brothers' debt.
By Helia Ebrahimi, Senior City Correspondent
Published: 9:16PM BST 13 Sep 2009
There are hundreds of thousands of Lehman derivative positions where counterparties have claims.
But the creditors have to wait for the administrator to untangle the assets left in the wake of the bank's collapse.
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Now, for the first time, funds have begun buying those positions. There are 10 different Lehman derivatives books being traded, with prices as low as 15 cents in the dollar and up to 50 cents in one case.
Tony Lomas, a partner at PWC and lead administrator on Lehman in Europe said interest from distressed debt traders had ballooned in the last month.
"They are all looking for the Lehman pot of gold – and for them the return could be massive." Me too!!! :P
LOL. Been there done that. I agree, it does take toll on you :P
Good job, and glad you are back in. I wouldn't suggest flipping next week though, but I'm sure you already know that.
Not seeing the 11s... Are you referring to L2?
Lehman Brothers' collapse had many terrible repercussions. Perhaps the worst: Governments are now more likely than ever to rescue a firm like Lehman.
Because of the meltdown that followed Lehman's crash, governments feel they have cover to do pretty much anything to avoid a similar bankruptcy. This means all large banks enjoy de facto state protection.
A year after Lehman, politicians and regulators are still groping for ways to deal with this issue. Meanwhile, the large banks that survived are making big profits on the back of the more-explicit taxpayer-backing they enjoy because of Lehman's demise. Can ...
http://online.wsj.com/article/SB125263108968101779.html
God Bless those who lost loved ones on 9/11.
God Bless those who lost loved ones on 9/11.
UPDATE 1-Obama to give speech on financial crisis Monday
WASHINGTON, Sept 10 (Reuters) - U.S. President Barack Obama will give a speech about the financial crisis on Monday in New York, marking the anniversary of the collapse of Lehman Brothers, the White House said on Thursday.
The fall of Lehman last year triggered a worldwide financial crisis and accelerated Obama's race to the presidency as the Democrat's cool reaction to the country's economic problems contrasted with a more scattered response from his Republican opponent, Senator John McCain.
Obama made financial regulatory reform a key platform of his candidacy and is trying to push through Congress legislative measures on the issue as president.
"He will discuss the aggressive steps the administration has taken to bring the economy back from the brink (and) the commitment to winding down the government's role in the financial sector," the White House said in a statement about the speech.
Actions the United States and other nations around the world must take to prevent "a crisis like this from ever happening again" would also feature in the speech, the statement said.
Lehman, once the fourth-largest U.S. investment bank, filed for bankruptcy protection on Sept. 15, 2008, in the largest U.S. bankruptcy filing in history.
Obama's speech will take place at midday in New York City's Federal Hall.
(Reporting by Jeff Mason and Ross Colvin, Editing by Stacey Joyce)
Just a suggestion... you might want to check out lehjq preferred stock @ .06 It has a 25.00 face value.
Thanks Coach... I support you 100%
Keep spreading the word....
Go Weil and Lehman Brothers
NP. Yes, that is pinkies for you. It's all good as I feel we will move much higher than .11 in time.
Scotturd is showing .06 x .07 at 82,267... Zecco is the same
If that is the case... they didn't even print it. I assume this was a small order under 500 shares as they do not have to print those.
I have not seen any .11 buys or sells this morning. Please check the details on your trade as you probably got them at .06
Give me a break MMs. You have all of the cheapies now lets move it up.
Seeing a way out of the Lehman abyss
http://www.reuters.com/article/marketsNews/idINN0933994620090909?rpc=44
great, thanks
I would like to see that article on the J board too. Brik would you like to post it or should I drag it over there?
Nice find, Rick
Nice to see the volume over 500,000. Hope we hit a million for the day.
http://www.reuters.com/article/newsOne/idUSTRE5870DV20090908
Come on Fuld spill the beans... Let America know what really happen.
"I want to get through the 15th and I want to get all that crap out of the way -- when all the news comes out, all the books come out," he said.
"Because, look, it sounds defensive and I don't want to be defensive. And I do believe at the end of the day that the good guys do win. I do believe that," he said, sounding beaten down and tired.
Thank you!
L2 please. Can someone please post L2.
NITE show me at least 1.00 and then we can talk... :P
MMs are STALLING... there is no way there are no bids out there.
fasten your seatbelt... today should be exciting.
LMAO. That's funny, but true on most boards
I hope so... Everything appears to be in place for a run, however... It all comes down to NITE. Is NITE going to take us up or down? That is the question :P
LMAO. Did he write something? All I see is a sweet ass wiggling in my face.
I totally forgot about the Uranium... This company is a diamond in the ruff... I consider myself extremely fortunate to own this stock during these difficult economical times.
Yup :P Best of luck to all