 | Peak Oil Update - August 2008: Production Forecasts and EIA Oil Production Numbers | The Oil Drum | DrumBeat: September 14, 2008 |  |
149 comments on Lehman: more socialising the losses of the rich
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149 comments on Lehman: more socialising the losses of the rich
Comments can no longer be added to this story.
| Show without comments | PDF version
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I don't see how they could do this all in 2 hours. It's just not that transparent and most trades are not queal apples to apples but Macintoshes and Granny Smiths.
If LEH goes bankrupt (which after having worked there, I won't say will make me happy), the financial markets will get crushed tomorrow (though a 'bankruptcy' might indicated reality to a system suddenly used to Monty Hall campaigns.)
Yes, this is a total mess.
BTW, Macintosh is a computer, Mcintosh is a fruit,
but maybe that's what's meant.