October 21st – a date to be remembered as when the floor falls out

[lonestar2000]

[quote=Enorah]According to this article it would seem that the auctions for Lehman Brothers have already happened

http://www.cnbc.com/id/27193149

says that the Wamu cash settlement auction is on Oct 23.[/quote]

Aye, the auction took place already, but the final settlement is not until next week, on the 20th or 21st. That is when those owing must actually pay up. However, the more I read, the more it seems that so many holders were both sellers and buyers of Lehman CDSs, that the majority of money actually trading hands is closer to the $6 billion range. This may yet be a non-issue, but that remains to be seen.

[Enorah]

gotcha

I can’t believe all the crazy sh** I know now just because I started looking into the housing bubble.

Sorry, what I meant to say is I can not believe all the crazy sh** that is out there in the markets, the crazy and insane ways people have created just to create more wealth on paper.

Fear masquerading as greed.

[Enorah]

gotcha

I can’t believe all the crazy sh** I know now just because I started looking into the housing bubble.

Sorry, what I meant to say is I can not believe all the crazy sh** that is out there in the markets, the crazy and insane ways people have created just to create more wealth on paper.

Fear masquerading as greed.

[Enorah]

gotcha

I can’t believe all the crazy sh** I know now just because I started looking into the housing bubble.

Sorry, what I meant to say is I can not believe all the crazy sh** that is out there in the markets, the crazy and insane ways people have created just to create more wealth on paper.

Fear masquerading as greed.

[Enorah]

gotcha

I can’t believe all the crazy sh** I know now just because I started looking into the housing bubble.

Sorry, what I meant to say is I can not believe all the crazy sh** that is out there in the markets, the crazy and insane ways people have created just to create more wealth on paper.

Fear masquerading as greed.

[Enorah]

gotcha

I can’t believe all the crazy sh** I know now just because I started looking into the housing bubble.

Sorry, what I meant to say is I can not believe all the crazy sh** that is out there in the markets, the crazy and insane ways people have created just to create more wealth on paper.

Fear masquerading as greed.

[Anonymous]

Sorry guy – its not 400 billion coming due. The size is somewhere around 6 billion. That has already been determined.

The fact is that Lehman was going and everyone knew it, Sunday before the official bankruptcy announcement there was a trading session opened and the majority of trades were canceled or offset with other contras in lieu of a cancel. The outstanding amount of Lehmans trades are roughly in the 6 billion range.

Nothing to see here – keep moving.

[Anonymous]

Sorry guy – its not 400 billion coming due. The size is somewhere around 6 billion. That has already been determined.

The fact is that Lehman was going and everyone knew it, Sunday before the official bankruptcy announcement there was a trading session opened and the majority of trades were canceled or offset with other contras in lieu of a cancel. The outstanding amount of Lehmans trades are roughly in the 6 billion range.

Nothing to see here – keep moving.

[Anonymous]

Sorry guy – its not 400 billion coming due. The size is somewhere around 6 billion. That has already been determined.

The fact is that Lehman was going and everyone knew it, Sunday before the official bankruptcy announcement there was a trading session opened and the majority of trades were canceled or offset with other contras in lieu of a cancel. The outstanding amount of Lehmans trades are roughly in the 6 billion range.

Nothing to see here – keep moving.

[Anonymous]

Sorry guy – its not 400 billion coming due. The size is somewhere around 6 billion. That has already been determined.

The fact is that Lehman was going and everyone knew it, Sunday before the official bankruptcy announcement there was a trading session opened and the majority of trades were canceled or offset with other contras in lieu of a cancel. The outstanding amount of Lehmans trades are roughly in the 6 billion range.

Nothing to see here – keep moving.

[Anonymous]

Sorry guy – its not 400 billion coming due. The size is somewhere around 6 billion. That has already been determined.

The fact is that Lehman was going and everyone knew it, Sunday before the official bankruptcy announcement there was a trading session opened and the majority of trades were canceled or offset with other contras in lieu of a cancel. The outstanding amount of Lehmans trades are roughly in the 6 billion range.

Nothing to see here – keep moving.

[carlsbadworker]

Tomorrow is Oct 21 and I am wondering what your dommsday forecasters have been doing. As Buffett once said: “Predicting rain doesn’t count; building the ark does.”
So do you all have stored enough cash, gold and ammo? Or only plan to get some orgie tonight!

[carlsbadworker]

Tomorrow is Oct 21 and I am wondering what your dommsday forecasters have been doing. As Buffett once said: “Predicting rain doesn’t count; building the ark does.”
So do you all have stored enough cash, gold and ammo? Or only plan to get some orgie tonight!

[carlsbadworker]

Tomorrow is Oct 21 and I am wondering what your dommsday forecasters have been doing. As Buffett once said: “Predicting rain doesn’t count; building the ark does.”
So do you all have stored enough cash, gold and ammo? Or only plan to get some orgie tonight!

[carlsbadworker]

Tomorrow is Oct 21 and I am wondering what your dommsday forecasters have been doing. As Buffett once said: “Predicting rain doesn’t count; building the ark does.”
So do you all have stored enough cash, gold and ammo? Or only plan to get some orgie tonight!

[Author]

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