Next to be bailed out by taxpayers - Lehman Bros - revealed on a saturday naturally

[Bill]

Got to keep the taxpayers in the dark for a few days to protect the market and let the federal government get it's cover story straight.

Now Lehman Brothers needs a handout - endless corporate welfare for the rich, right? Fuck the taxpayer - borrow the money so the middle class has to pay back EVEN MORE in the future.

Way to go - throw taxpayer money at your corporate masters. Then pretend to cut taxes while actually just deferring them at a higher future real cost.

http://news.yahoo.com/story//ap/20080913/ap_on_bi_ge/lehman_brothers

NEW YORK – The field of possible buyers for Lehman Brothers narrowed Saturday, but the parties involved in the discussions over the wounded investment bank's future were at loggerheads over how to finance the rescue.

An investment banking official said Bank of America Corp. and Britain's Barclays Plc have emerged as the front runners for Lehman Brothers after a possible cash injection from its rival Wall Street banks and brokerages.

Top officials from the Federal Reserve and the Treasury Department and executives from several Wall Street banks met at the New York Fed's downtown Manhattan headquarters Saturday for the second day in a row try to hash out a deal to rescue Lehman Brothers.

The financial world was watching. Failure could prompt skittish investors to unload shares of financial companies, a contagion that might affect stock markets at home and abroad when they reopen Monday.

[PhoneMistress]

As of Friday we were not going to bail out Lehman. Now we are? What's the difference between Lehman and the Bears Sterns bailout?

[Dale escondido]

Maybe we should all adopt a struggling financial institution.
If you screw a few people you go to jail.
But screw enough and the gov will save your ass.:mad:
Just for thew hell of it I am going to mention the manufacturing sector had warning out on mortgage industry ten years ago.

[disrupter]

Dale, isn't that what the government is in the business of?
screwing as many asses as possible?

hell, they are screwing the next generation of American asses even before they are born.

The American people should be outraged, instead they act shell-shocked or like they are on drugs,
or worse,
they get fired up & self-righteous about the next pair who are primed to screw them & their grandchildren up the butt, again.

Obviously the American people are operating on neurotic programming & not learning anything from experience.

[Dale escondido]

Dale, isn't that what the government is in the business of?
screwing as many asses as possible?

hell, they are screwing the next generation of American asses even before they are born.

The American people should be outraged, instead they act shell-shocked or like they are on drugs,
or worse,
they get fired up & self-righteous about the next pair who are primed to screw them & their grandchildren up the butt, again.

Obviously the American people are operating on neurotic programming & not learning anything from experience.

I am amazed at how many people dont see what is going on.
We just keep going down the same road and keep plugging the holes.
Theres got to be a lot more banks and the auto industry, not to mention manufacturing,
Are we going to be a consumer nation of wealthy retired people?
Well have service jobs and retail no more.
And the high tech jobs? whos kidding who with that? We graduate our children without the ability to read and write and no understanding of history.
We will soon be owned by the middle east and asia.
We just keep borrowing and spending in an attempt to keep this scheme going.
People that are struggling dont really know what they are doing wrongIMO.
But I believe the value of work is being so diluted.

[Bill]

Hmmm - good news - they may let LB go bankrupt!

They say that AIG may follow.

Finally, some common sense, and a bit of taxpayer relief.

Or are they just running out of money?

[Dale escondido]

Hmmm - good news - they may let LB go bankrupt!

They say that AIG may follow.

Finally, some common sense, and a bit of taxpayer relief.

Or are they just running out of money?

The latter i am sure.
AIG? wow thats another big one
You got a link yet?
AIG would have to be broke up sold off and partiially salvaged IMO or its another perfect storm.
I just found this not much , but a little http://dealbook.blogs.nytimes.com/2008/09/14/aig-to-plan-massive-restructuring/

[PhoneMistress]

Oh my! Now Merill Lynch is selling to BOA in a special emergency trading on Sunday. I didn't know you could do that. We need to bring back the Blue Laws.

[SeedyROM]

I said last month Merrill below $30 was at risk of implosion. Sold out just in time. Interest on debt obligations increases below $30. More bailouts and sales are coming. Companies can sell on any day at any time, no doubt the plan was in the works for weeks. Keep it quiet and avoid aggressive short sellers. TheFlyOnTheWall.com had rumors MER was hunting for a buyer.

[SeniorChief]

My Halliburton shares are doing fantastic, BTW.

[Scumbag]

Dale, isn't that what the government is in the business of?
screwing as many asses as possible?

hell, they are screwing the next generation of American asses even before they are born.

The American people should be outraged, instead they act shell-shocked or like they are on drugs,
or worse,
they get fired up & self-righteous about the next pair who are primed to screw them & their grandchildren up the butt, again.

Obviously the American people are operating on neurotic programming & not learning anything from experience.
Disrupter, you sound like a broken record.

The government this and the government that!
The government this and the government that!
The government this and the government that!
The government this and the government that!
The government this and the government that!

You have absolutely no fucking idea what is going on! :banghead:

The government will NOT bail Lehman Bros. Nor will they support AIG. They have probably lost all control (if they ever really had any) and have put the "This Position Closed" sign in place.

Two things will happen from this point...The financial community will either attempt to raise the funds to help the bulk of those floundering or the investors will bail, themselves.

The later you won't want to witness, But if it does occur, you won't have to wait long to see the results...Possibly just hours.

The only way up is down!

You can sit in front of your computer and bash the government all you like. Me? I blame lazy ass pricks like you who are always looking for some to blame for your troubles instead of putting in!

[Scumbag]

My Halliburton shares are doing fantastic, BTW.
Going to hang on to them or sell?:D