If anybody suggested, back in 1997 when Asian financial crisis walloped S. Korea, that Lehman Brothers would be knocking on S. Koreans and ask them to buy 50% of its share in 2008, he would be laughed out of the place. If he were working in financial sector, he could have lost his job for entertaining such an 'irrational idea.'
This highlights the magnitude of insanity that swept over entire financial sector for the last decade or so.
To: TigerLikesRooster; Uncle Ike; RSmithOpt; jiggyboy; 2banana; Travis McGee; OwenKellogg; 31R1O; ...
2 posted on
08/20/2008 9:14:46 PM PDT by
TigerLikesRooster
(kim jong-il, chia head, ppogri, In Grim Reaper we trust)
To: TigerLikesRooster
We live in interesting times.
3 posted on
08/20/2008 9:16:33 PM PDT by
durasell
(!)
To: TigerLikesRooster
The secret seems to be out.
To: TigerLikesRooster
Note to Lehman:
Next time, don’t use billions of your capital to provide loans to people with no documentation, no collateral, no stated income, and no proof of citizenship.
5 posted on
08/20/2008 10:10:51 PM PDT by
Proud_USA_Republican
(We're going to take things away from you on behalf of the common good. - Hillary Clinton)
To: TigerLikesRooster
>>Lehman Brothers, the beleaguered US investment bank,
Greedy NyLon vampires are reaping what they have sown. Should have stayed out of the SupPrime bidness... and avoided the tainted blood.
They, and those who E!mpowered them, have nobody to blame for their misfortunes but themselves.
7 posted on
08/21/2008 8:26:04 AM PDT by
LomanBill
(A bird flies because the right wing opposes the left.)
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