LEH

  • 40 replies
  • 4344 views
Re: LEH
« Reply #20 on: September 16, 2008, 03:55:24 PM »
here's a quick read that sums up AIG's problems pretty well. 

http://money.cnn.com/2008/09/16/news/companies/aig_questions/index.htm?cnn=yes
When you're a kid from New York and you do it in New York, that lasts forever!

Re: LEH
« Reply #21 on: September 16, 2008, 03:56:19 PM »
i never thought i would ever see a single stock traded 1.1B shares in a single trading session....this is amazing.
« Last Edit: September 16, 2008, 04:51:54 PM by NYCbuckeye »

pmg911

  • *****
  • 4073
Re: LEH
« Reply #22 on: September 16, 2008, 10:06:26 PM »
The FED has bailed out AIG...

Re: LEH
« Reply #23 on: September 16, 2008, 10:40:08 PM »
The FED has bailed out AIG...

cant say that im absolutely surprised, curious to see where the common stock opens.

Re: LEH
« Reply #24 on: September 16, 2008, 11:00:28 PM »
it's amazing how many socialists there are on wall street during hard times.

Re: LEH
« Reply #25 on: September 17, 2008, 06:53:53 AM »
it's amazing how many socialists there are on wall street during hard times.

Exactly! using all tools to protect on the downside, unlimited potential on the upside.

Re: LEH
« Reply #26 on: September 17, 2008, 08:05:00 AM »
it's amazing how many socialists there are on wall street during hard times.

Tru 'nuf. That invisible hand aint that invisible no mo'. 
Parking only for NYCHA permit holders.

pmg911

  • *****
  • 4073
Re: LEH
« Reply #27 on: September 17, 2008, 11:43:23 AM »
it's amazing how many socialists there are on wall street during hard times.

if AIG had been alowed to fail. .   the ramifications would have been felt from Wall Street to Main Street....       it would have been bad for everyone...

Re: LEH
« Reply #28 on: September 17, 2008, 12:44:49 PM »
it's amazing how many socialists there are on wall street during hard times.

if AIG had been alowed to fail. .   the ramifications would have been felt from Wall Street to Main Street....       it would have been bad for everyone...

no doubt about it.  i'm implying that sometimes "government(taxpayer) intervention" isn't just for the rich.  let's say universal health care is a place where government could step in since the alternative is bad for everyone.

Re: LEH
« Reply #29 on: September 18, 2008, 02:22:36 PM »
now UK is banning short selling. just when you think you have seen it all....it skipped the socialist economy and went straight to communism.

Re: LEH
« Reply #30 on: September 18, 2008, 08:57:11 PM »
now UK is banning short selling. just when you think you have seen it all....it skipped the socialist economy and went straight to communism.

Amazing.

Re: LEH
« Reply #31 on: September 18, 2008, 10:43:09 PM »
now UK is banning short selling. just when you think you have seen it all....it skipped the socialist economy and went straight to communism.

Amazing.

the feds may be cooking up a 'resolution trust corp'. a similar approach that relieved us from the savings and loan crisis in the 80s....cant fight the fed.

Re: LEH
« Reply #32 on: September 19, 2008, 09:07:58 AM »
My prayers are wit the employees losin they jobs left and right and wit the mom and pop investors seein they portfolio crash and burn. Hopefully those lookin to cash out they 401 k moved they investments to sometin fixed before this bang bang bang.
Parking only for NYCHA permit holders.

Re: LEH
« Reply #33 on: September 23, 2008, 02:40:54 PM »
I have been listening and watching Bloomberg TV at work. They were showing the meeting with Congress, Paulson and Bernake.

I almost threw up after listening to Paulson speak that "he is fed up with excessive Executive Compensation".

I guess he is so fed up that he is donating his millions Goldman Sachs stock to charity! =D

pmg911

  • *****
  • 4073
Re: LEH
« Reply #34 on: September 23, 2008, 03:34:05 PM »
I have been listening and watching Bloomberg TV at work. They were showing the meeting with Congress, Paulson and Bernake.

I almost threw up after listening to Paulson speak that "he is fed up with excessive Executive Compensation".

I guess he is so fed up that he is donating his millions Goldman Sachs stock to charity! =D

He had to sell ALL of his Goldman Sachs stock when he took the job as Secretary of the Treasury...

Re: LEH
« Reply #35 on: September 23, 2008, 04:19:31 PM »
I have been listening and watching Bloomberg TV at work. They were showing the meeting with Congress, Paulson and Bernake.

I almost threw up after listening to Paulson speak that "he is fed up with excessive Executive Compensation".

I guess he is so fed up that he is donating his millions Goldman Sachs stock to charity! =D

He had to sell ALL of his Goldman Sachs stock when he took the job as Secretary of the Treasury...


From my understanding, he didn't have to sell! He still owns a ton! All he had to do was move his securities into either a 10B5-1 or Blind Trust.

The 10B5-1 plan allows him to systematically sell his stock. The blind trust assigns the selling decisions to a trustee to "supposedly" eliminate his access to sell the stock based on his knowledge of insider info.

Both of them DO NOT force him to sell his stock. Therefore... he still has a vested interest!

Re: LEH
« Reply #36 on: September 23, 2008, 04:23:32 PM »
I have been listening and watching Bloomberg TV at work. They were showing the meeting with Congress, Paulson and Bernake.

I almost threw up after listening to Paulson speak that "he is fed up with excessive Executive Compensation".

I guess he is so fed up that he is donating his millions Goldman Sachs stock to charity! =D

He had to sell ALL of his Goldman Sachs stock when he took the job as Secretary of the Treasury...


From my understanding, he didn't have to sell! He still owns a ton! All he had to do was move his securities into either a 10B5-1 or Blind Trust.

The 10B5-1 plan allows him to systematically sell his stock. The blind trust assigns the selling decisions to a trustee to "supposedly" eliminate his access to sell the stock based on his knowledge of insider info.

Both of them DO NOT force him to sell his stock. Therefore... he still has a vested interest!

http://www.nytimes.com/2006/05/31/business/31pay.html

Re: LEH
« Reply #37 on: September 23, 2008, 04:26:04 PM »
I have been listening and watching Bloomberg TV at work. They were showing the meeting with Congress, Paulson and Bernake.

I almost threw up after listening to Paulson speak that "he is fed up with excessive Executive Compensation".

I guess he is so fed up that he is donating his millions Goldman Sachs stock to charity! =D

He had to sell ALL of his Goldman Sachs stock when he took the job as Secretary of the Treasury...


From my understanding, he didn't have to sell! He still owns a ton! All he had to do was move his securities into either a 10B5-1 or Blind Trust.

The 10B5-1 plan allows him to systematically sell his stock. The blind trust assigns the selling decisions to a trustee to "supposedly" eliminate his access to sell the stock based on his knowledge of insider info.

Both of them DO NOT force him to sell his stock. Therefore... he still has a vested interest!

http://www.nytimes.com/2006/05/31/business/31pay.html

Here is another link which talks about his conflict of interest:

http://www.huffingtonpost.com/2008/09/22/paulsons-conflicts-of-int_n_128476.html

P.S. - I apologize to anyone on this board who currently works at Goldman (if any)

Re: LEH
« Reply #38 on: September 23, 2008, 04:29:05 PM »
I have been listening and watching Bloomberg TV at work. They were showing the meeting with Congress, Paulson and Bernake.

I almost threw up after listening to Paulson speak that "he is fed up with excessive Executive Compensation".

I guess he is so fed up that he is donating his millions Goldman Sachs stock to charity! =D

He had to sell ALL of his Goldman Sachs stock when he took the job as Secretary of the Treasury...


From my understanding, he didn't have to sell! He still owns a ton! All he had to do was move his securities into either a 10B5-1 or Blind Trust.

The 10B5-1 plan allows him to systematically sell his stock. The blind trust assigns the selling decisions to a trustee to "supposedly" eliminate his access to sell the stock based on his knowledge of insider info.

Both of them DO NOT force him to sell his stock. Therefore... he still has a vested interest!

http://www.nytimes.com/2006/05/31/business/31pay.html

Here is another link which talks about his conflict of interest:

http://www.huffingtonpost.com/2008/09/22/paulsons-conflicts-of-int_n_128476.html

P.S. - I apologize to anyone on this board who currently works at Goldman (if any)

WSJ Has an article which it's message board is talking about the conflict of interest:

http://64.233.169.104/search?q=cache:Eoc02euv8isJ:blogs.wsj.com/economics/2008/09/21/fed-statement-on-goldman-morgan-stanley/+Henry+Paulson+Blind+Trust+Goldman+Stock&hl=en&ct=clnk&cd=7&gl=us

Re: LEH
« Reply #39 on: September 24, 2008, 11:52:14 AM »
http://www.freerepublic.com/focus/f-news/2086842/posts

>Fury at $2.5bn Lehman bonus (to be paid by Barclay)
>Times of London ^ | 09/21/08 | John Waples and Danny Fortson
>
>Posted on Saturday, September 20, 2008 9:38:29 PM by TigerLikesRooster
>
>Fury at $2.5bn Lehman bonus
>
>Nomura and Barclays table bids today for US giant’s London operation as
>bank’s administrator likens collapse to Enron
>
>John Waples and Danny Fortson
>
>STAFF at Lehman’s New York office who helped to cause the world’s
>biggest corporate bankruptcy are to share in a $2.5 billion bonanza.
>
>The bonus, which has been described by London staff as a “scandal” has
>been pledged by Barclays Capital, the British-based bank that last week
>acquired Lehman’s American operation and took on 10,000 staff.
>
>The $2.5 billion (£1.4 billion) pot, which has been ring-fenced as part
>of the acquisition, has caused huge resentment among the 5,000 staff in
>the firm’s European and Middle Eastern operations who are not
>guaranteed to be paid after this month. There are, however, hopes that
>half the jobs in Lehman’s Canary Wharf office could be saved today by
>either Barclays or Nomura. Bids are being submitted for its UK equities
>and investment-banking business.
>
>A Chapter 11 bankruptcy document filed by Lehman Brothers Holdings Inc
>says that Barclays has identified eight individuals out of the New York
>staff of 10,000 who are vital to make the deal succeed and a further
>200 who are identified as “key”. It is thought that these eight
>directors will be locked into two-year contracts worth between $10m and
>$25m a year.