Got busy and missed the bigger story, did you, Bess???
http://www.corporateprofile.com/?p=1118
Take heart ye wrinkled but rich, she seems undeniably effective...
Mitsubishi will get its price reset. MS can't afford a breakdown in negotiations. All the Japanese have to do is wait then out until the early morning, and will be forced to capitulate to whatever is on the table then. If it's not enough to suit them,, they will then call Paulson. NO ONE has an ounce of loeverage over Mitsubishi in these negotiations. Paulson will tell MS to take whatever they can get, shut the fuck up, and call him back on his private line.
@28
"Incendiary speculation without any supporting evidence involving publicly traded companies is just the kind of thing that can get you arrested."
The pressure is obviously getting to people, but what kind of horseshit is that? If that were true, the entire anyalst caste would be in Rikers, and no way you can name someone prosecuted, much less convicted, for saying anything they want about a company, absent outright fraud (company ooficers)
or market manipulators.
A month ago thinking MS would be in single digits would be "incendiary specualtion", too name just one.
No people on Earth more amusing than the Irish, even though I am one. In this case, the Irish government offering a guarantee they couldn't possibly meet if the run on the bank they prevented returns as soon as people figure this one out. Please tell me where a country of 4 million people, gypsys included, has $400,000,000,000 euros stashed. Methinks they need to move the Treasury abit further from St. James' Gate. Obviously a spillover effect.
@5
Bingo. Exactly right. Those people who develop that level of an emotional attachment to a commercial enterprise deserve everything they get. It is sick and twisted. If the CEO of a company I was working for mentioned "bleeding green", etc., I would call my headhunter the minute the meeting was over, or text them during it. That kind of committment requires one to suspend their judgement, which you do at your own peril. Granted, it was probably worth a couple of fat bonuses, butr how's that Christmas goose looking this year? Like its egg? Yup. I have yet to find a symapthetic character in this whole mess yet.
Okay, let me be the first: Morgan Stanley all alone and will probably arrange a deal. They have no choice, in spite of their inflated sense of self, will not qualify for federal assistance. Buyout or bust only options from here.
@66
No, we are all aware of it and have been through the entire runup. But with the renumeration structure on the street, no one says anything while the bonus pool coffers are being filled to the brim. Then evetyone gets paid and their happy as clams and starts out in a new year trying to top the previous year's over-leveraged results, which results in more leverage. Anyone who speaks up in the day in age in not so politley shown the door. That is how we got here. Totally Wednesday afternoon.
To the guy who is 22 years old:
Close your mouth, man up, and learn how to take a shot. At 22, you haven't a clue what this world can throw at you. Being laid off from an entry level job, when you had time to accumulate not even a small stake in anything, and bitching like its the end of the world, makes me think you are probably better of in library science than high finance. Just a thought...
If you go down to the olf Morgan HQ at 23 Wall, they purposelt left the bomb damage in the facade. The limestone is all pocked, alot like Fuld's face is gonna be if the employees catch sight of him.
@10
Not even close. the holding company owns the b/d. Everything is subject to court approval now. They can negotiate anything they want, nothing closes without judges approval.
@19
Are you retarded? No judge is going to approve large severance payments to employees when creditors are standing in line. When a firm goes bust, so do all the perks. There is no provision for severance in the BK code, and they are (assuming)damn lucky to have gotten paid today. Take a look at what Enron employees got . Big fat zero. A most kind judge will give LEH employees 2 weeks. 6-9 months? that is both retarded and offensive.
Really a stand-up, decent, tough guy. He made Lowitt sign the bankruptcy documents rather than being a man about it and acknowleding it happened while he was at the helm. How long has Lowitt been CFO? A week? Fuld has been a piece of shit since day one, but he was in control of the narrative. Until he wasn't, then we get a bit more of a realistic picture of the man. Ironically, at the root level, they were sunk by a mortgage problem. How many mmore mortgages are now on shaky ground with 25,000 people out of work. Suffice it to say, Dick is a Dick. Full stop.
@21
60 cents on the dollar would be a good place to start for the secured bondholders. Problem is LEH has a ton of toxic stuff to sell, as does the rest of the street. Whether it sells or not it will still have to be marked, which could create a spiral for eveyone in an illiquid market. Then you would have to start giving that 60 cents a haircut depending on the amount they are actually able to dispose of. If the vulture funds aren't hungry, this could get much uglier. Knowing that, why would the vultures step in now? Food for thought....
Got busy and missed the bigger story, did you, Bess??? http://www.corporateprofile.com/?p=1118 Take heart ye wrinkled but rich, she seems undeniably effective...
A Tarp is what he Dick Bove uses for cleanup in his masterbatorium -- hard to aim with the lights off.
Mitsubishi will get its price reset. MS can't afford a breakdown in negotiations. All the Japanese have to do is wait then out until the early morning, and will be forced to capitulate to whatever is on the table then. If it's not enough to suit them,, they will then call Paulson. NO ONE has an ounce of loeverage over Mitsubishi in these negotiations. Paulson will tell MS to take whatever they can get, shut the fuck up, and call him back on his private line.
@28 "Incendiary speculation without any supporting evidence involving publicly traded companies is just the kind of thing that can get you arrested." The pressure is obviously getting to people, but what kind of horseshit is that? If that were true, the entire anyalst caste would be in Rikers, and no way you can name someone prosecuted, much less convicted, for saying anything they want about a company, absent outright fraud (company ooficers) or market manipulators. A month ago thinking MS would be in single digits would be "incendiary specualtion", too name just one.
WFC gets caught with the bag? That was a definitive merger agreement at $7? Enough to pull WFC down?
Not a chance this is about LEH.
It is not s much as the blind leading the blind, but more like the bland leading the bland.
No people on Earth more amusing than the Irish, even though I am one. In this case, the Irish government offering a guarantee they couldn't possibly meet if the run on the bank they prevented returns as soon as people figure this one out. Please tell me where a country of 4 million people, gypsys included, has $400,000,000,000 euros stashed. Methinks they need to move the Treasury abit further from St. James' Gate. Obviously a spillover effect.
@5 Bingo. Exactly right. Those people who develop that level of an emotional attachment to a commercial enterprise deserve everything they get. It is sick and twisted. If the CEO of a company I was working for mentioned "bleeding green", etc., I would call my headhunter the minute the meeting was over, or text them during it. That kind of committment requires one to suspend their judgement, which you do at your own peril. Granted, it was probably worth a couple of fat bonuses, butr how's that Christmas goose looking this year? Like its egg? Yup. I have yet to find a symapthetic character in this whole mess yet.
John, Where are you going?
Seriously, where is Carney going?
Okay, let me be the first: Morgan Stanley all alone and will probably arrange a deal. They have no choice, in spite of their inflated sense of self, will not qualify for federal assistance. Buyout or bust only options from here.
@66 No, we are all aware of it and have been through the entire runup. But with the renumeration structure on the street, no one says anything while the bonus pool coffers are being filled to the brim. Then evetyone gets paid and their happy as clams and starts out in a new year trying to top the previous year's over-leveraged results, which results in more leverage. Anyone who speaks up in the day in age in not so politley shown the door. That is how we got here. Totally Wednesday afternoon.
MayDoes Offer Bridge Loan To AIGTo the guy who is 22 years old: Close your mouth, man up, and learn how to take a shot. At 22, you haven't a clue what this world can throw at you. Being laid off from an entry level job, when you had time to accumulate not even a small stake in anything, and bitching like its the end of the world, makes me think you are probably better of in library science than high finance. Just a thought...
wouldn't that be an enunciation?
Lehman is going in front of Judge Peck this afternoon to get approval from the bankruptcy court for "certain asset sales".
If you go down to the olf Morgan HQ at 23 Wall, they purposelt left the bomb damage in the facade. The limestone is all pocked, alot like Fuld's face is gonna be if the employees catch sight of him.
@10 Not even close. the holding company owns the b/d. Everything is subject to court approval now. They can negotiate anything they want, nothing closes without judges approval. @19 Are you retarded? No judge is going to approve large severance payments to employees when creditors are standing in line. When a firm goes bust, so do all the perks. There is no provision for severance in the BK code, and they are (assuming)damn lucky to have gotten paid today. Take a look at what Enron employees got . Big fat zero. A most kind judge will give LEH employees 2 weeks. 6-9 months? that is both retarded and offensive.
Really a stand-up, decent, tough guy. He made Lowitt sign the bankruptcy documents rather than being a man about it and acknowleding it happened while he was at the helm. How long has Lowitt been CFO? A week? Fuld has been a piece of shit since day one, but he was in control of the narrative. Until he wasn't, then we get a bit more of a realistic picture of the man. Ironically, at the root level, they were sunk by a mortgage problem. How many mmore mortgages are now on shaky ground with 25,000 people out of work. Suffice it to say, Dick is a Dick. Full stop.
@21 60 cents on the dollar would be a good place to start for the secured bondholders. Problem is LEH has a ton of toxic stuff to sell, as does the rest of the street. Whether it sells or not it will still have to be marked, which could create a spiral for eveyone in an illiquid market. Then you would have to start giving that 60 cents a haircut depending on the amount they are actually able to dispose of. If the vulture funds aren't hungry, this could get much uglier. Knowing that, why would the vultures step in now? Food for thought....