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| Discussions for Lehman Brothers Holdings Inc. | View all discussions |
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| Fed wants Shareholders to pay for LEH mismanagement:will not back bailout | ||
| All 3 messages in discussion - | ||
From: "cousteau'" <cous...@gmail.com>
Date: Fri, 12 Sep 2008 07:59:04 -0700 (PDT)
Local: Fri, Sep 12 2008 10:59 am
Subject: Fed wants Shareholders to pay for LEH mismanagement:will not back bailout
The only way BOA is going to take this is for less then $1 a share,
the fed will not back stop leh liabilities (not protect boa from future losses on leh liabilities which are significant), even at $1 a share BOA will still be getting a rotten deal imo with all of leh toxic mortgages. http://online.wsj.com/article/SB122117590254125801.html?mod=googlenew... You must Sign in before you can post messages.
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From: CollKaver...@gmail.com
Date: Fri, 12 Sep 2008 08:08:47 -0700 (PDT)
Local: Fri, Sep 12 2008 11:08 am
Subject: Re: Fed wants Shareholders to pay for LEH mismanagement:will not back bailout
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From: name-check <zhao.t...@gmail.com>
Date: Fri, 12 Sep 2008 08:15:55 -0700 (PDT)
Local: Fri, Sep 12 2008 11:15 am
Subject: Re: Fed wants Shareholders to pay for LEH mismanagement:will not back bailout
Yeah, yeah. I got it. The problem with LEH is psychological than
financial really. It has sufficient liquidity to ride out the storm but its trading partners may stop doing business with LEH when it is credit is further downgraded. This is forcing it to sell itself. BOA is playing chicken with Fuld at this point I guess. On one hand, BOA wants to see how low the stock can drop before making a bid while on the other hand, Fuld is gambling the stock will rebound a bit. Who knows, Fuld was wrong about the Koreans. He could be wrong about BOA as well. Why doesn't he just fire sell some of the assets?
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