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Entry: We Have Reached A Deal For Lehman, Sources Say
posted by hf_dbag
Sep 14, 2008 9:54AM
foreign entities were partly responsible for the housing bubble in the first place (by massively intervening in their currency markets and investing the dollars back in the US, depressing bond yields and thus inflating housing). they deserve to take losses.
Entry: Lehman Brothers Still Attempting To Sell Valuable Parts
posted by hf_dbag
Sep 15, 2008 3:14AM
1. Yes. If you owned 4000 shares since the end of January you lost a total of about $250K. Most of it was lost before today- the stock went from 64 to 3.65 prior to the weekend. You didn't notice this???
2-4. Your dumbass broker can probably help you out with these.
Entry: Lehman Brothers Still Attempting To Sell Valuable Parts
posted by hf_dbag
Sep 15, 2008 4:33AM
@40- Apologies. Best of luck.
Entry: Opening Bell: 9.22.08
posted by hf_dbag
Sep 22, 2008 6:57AM
This crisis happened in the US because of China's currency policy (which I use as a catch-all for many emerging-market currency policies of which China's is the most egregious). One of the most interesting features of this decade's macroeconomic environment- the massive reserve accumulation of dollars by the world's central banks- depressed US bond yields and thus created the incentives that inflated the bubble. That's what's different this time. Greed and fear are nothing new and speculation is as old as the hills.
Entry: Opening Bell: 9.22.08
posted by hf_dbag
Sep 22, 2008 8:25AM
foreign investors fucked up russia so bad they had to close down the stock market for two days. USA! USA!
Entry: We Have Reached A Deal For Lehman, Sources Say
posted by hf_dbag
Sep 14, 2008 8:49AM
they also have saudi backing. that helps.