Lehman Bailout this Weekend (Bear Stearns replay)

[jficquette]

I got this off the internet a few mins ago.

Lehman Brothers Holdings Inc *ACCORDING TO PEOPLE BRIEFED ON THE MATTER, LEHMAN WILL FILE FOR BANKRUPTCY PROTECTION ON SUNDAY NIGHT – NYT
– According to the report, Lehman will seek to place its parent company, Lehman Brothers Holdings, into bankruptcy protection, while its subsidiaries will remain solvent while the firm liquidates its holdins, according to these people.
– A group of banks will provide a financial backstop to help provide an orderly winding down of the investment bank
– The Fed has agreed to accept lower quality assets in return for loans from the government.
– With respect to the bankruptcy filing, Lehman’s filing is not likely to resemble those of other companies that seek bankruptcy protection because of the harsher treatment that federal bankruptcy law applies to financial-services frms.
– NYT adds that changes to the bankruptcy code mean that counterparites to Lehman’s credit default swaps can seize their collateral at any time, posing an enormous potential risk to the entire financial markets.
– Lehman has retained the law firm Weil, Gotshal & Manges to prepare its bankruptcy filing.
– (reminder from earlier today) LEH: NYT speculates Lehman will be forced into receivership after weekend talks fail to materialize

John

[LA_Renter]

WOW!

Well you can’t say Paulson doesn’t have any balls.

[LA_Renter]

WOW!

Well you can’t say Paulson doesn’t have any balls.

[LA_Renter]

WOW!

Well you can’t say Paulson doesn’t have any balls.

[LA_Renter]

WOW!

Well you can’t say Paulson doesn’t have any balls.

[LA_Renter]

WOW!

Well you can’t say Paulson doesn’t have any balls.

[TheBreeze]

Wow! It looks like we got our wish — the government has pulled back from all the bailouts. It should be interesting to see how this plays out. The DOW futures are already down about -300:

http://www.cnbc.com/id/15839171/site/14081545/

I can’t say I’m not worried. I hope all the Piggs are able to keep their current jobs or quickly find a new one should they find their current position on the chopping block. We all knew this was going to happen, but it’s a little disconcerting having to actually go through it.

[TheBreeze]

Wow! It looks like we got our wish — the government has pulled back from all the bailouts. It should be interesting to see how this plays out. The DOW futures are already down about -300:

http://www.cnbc.com/id/15839171/site/14081545/

I can’t say I’m not worried. I hope all the Piggs are able to keep their current jobs or quickly find a new one should they find their current position on the chopping block. We all knew this was going to happen, but it’s a little disconcerting having to actually go through it.

[TheBreeze]

Wow! It looks like we got our wish — the government has pulled back from all the bailouts. It should be interesting to see how this plays out. The DOW futures are already down about -300:

http://www.cnbc.com/id/15839171/site/14081545/

I can’t say I’m not worried. I hope all the Piggs are able to keep their current jobs or quickly find a new one should they find their current position on the chopping block. We all knew this was going to happen, but it’s a little disconcerting having to actually go through it.

[TheBreeze]

Wow! It looks like we got our wish — the government has pulled back from all the bailouts. It should be interesting to see how this plays out. The DOW futures are already down about -300:

http://www.cnbc.com/id/15839171/site/14081545/

I can’t say I’m not worried. I hope all the Piggs are able to keep their current jobs or quickly find a new one should they find their current position on the chopping block. We all knew this was going to happen, but it’s a little disconcerting having to actually go through it.

[TheBreeze]

Wow! It looks like we got our wish — the government has pulled back from all the bailouts. It should be interesting to see how this plays out. The DOW futures are already down about -300:

http://www.cnbc.com/id/15839171/site/14081545/

I can’t say I’m not worried. I hope all the Piggs are able to keep their current jobs or quickly find a new one should they find their current position on the chopping block. We all knew this was going to happen, but it’s a little disconcerting having to actually go through it.

[Bubblesitter]

We’re gonna see some pain in next few weeks to months.

I was a bit surprised by Paulson’s stand. He had more guts than I expected.

NYtimes says today was “one the most extraordinary days in Wall Street’s history”

After a record year for Wall Street bonus’s last year. We’ll see alot more layoffs in the offing.

[Bubblesitter]

We’re gonna see some pain in next few weeks to months.

I was a bit surprised by Paulson’s stand. He had more guts than I expected.

NYtimes says today was “one the most extraordinary days in Wall Street’s history”

After a record year for Wall Street bonus’s last year. We’ll see alot more layoffs in the offing.

[Bubblesitter]

We’re gonna see some pain in next few weeks to months.

I was a bit surprised by Paulson’s stand. He had more guts than I expected.

NYtimes says today was “one the most extraordinary days in Wall Street’s history”

After a record year for Wall Street bonus’s last year. We’ll see alot more layoffs in the offing.

[Bubblesitter]

We’re gonna see some pain in next few weeks to months.

I was a bit surprised by Paulson’s stand. He had more guts than I expected.

NYtimes says today was “one the most extraordinary days in Wall Street’s history”

After a record year for Wall Street bonus’s last year. We’ll see alot more layoffs in the offing.

[Author]

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