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Derivative traders open session to reduce Lehman risk(unthinkable is thinkable now)
Reuters ^
| 09/14/08
Posted on 09/15/2008 1:52:08 AM PDT by TigerLikesRooster
click here to read article
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This is an extremely, and I stress extremely, rare event. It also speaks to the more general notion that, in today's highly disrupted financial markets, the unthinkable is thinkable They now get it. Too late.
To: TigerLikesRooster; Uncle Ike; RSmithOpt; jiggyboy; 2banana; Travis McGee; OwenKellogg; 31R1O; ...
We have a ‘black swan,’ ping!
2
posted on
09/15/2008 1:52:58 AM PDT
by
TigerLikesRooster
(kim jong-il, chia head, ppogri, In Grim Reaper we trust)
To: TigerLikesRooster
Hey, correct me if I am wrong but are not most of these Wall Street companies that are going broke run by graduates from Ivy League Schools??????????????
This does not speak so well of Obama and his connection to Colombia and Hardboard......
3
posted on
09/15/2008 2:06:29 AM PDT
by
OKIEDOC
(The Difference Between Palin and Obama is Common Sense, She's GOT IT, He DOESN'T)
To: TigerLikesRooster
Hells bells it was just last year that CEO’s were getting 200 million dollar bonuses and even some of the very lower underlings got $150 to $250,000 dollar bonuses.
Wall Street is suffering GM ITIS.
4
posted on
09/15/2008 2:10:38 AM PDT
by
OKIEDOC
(The Difference Between Palin and Obama is Common Sense, She's GOT IT, He DOESN'T)
To: OKIEDOC
Many smart people tend to develop hubris which eclipse their own intellect. The net result is decidedly negative.
5
posted on
09/15/2008 2:13:33 AM PDT
by
TigerLikesRooster
(kim jong-il, chia head, ppogri, In Grim Reaper we trust)
To: TigerLikesRooster
Europe is taking a beating right now. Asia had one earlier. The Circuit Breakers might get used today.
Symbol |
Name |
Last Trade |
Change |
Related Info |
^ATX |
ATX |
3,188.19 5:02AM ET |
133.01 (4.00%) |
Components, Chart, More |
^BFX |
BEL-20 |
2,972.03 5:18AM ET |
108.57 (3.52%) |
Chart, More |
^FCHI |
CAC 40 |
4,150.88 5:18AM ET |
181.78 (4.20%) |
Chart, More |
^GDAXI |
DAX |
6,021.44 5:02AM ET |
213.45 (3.42%) |
Chart, More |
^AEX |
AEX General |
385.10 5:18AM ET |
14.47 (3.62%) |
Chart, More |
^OSEAX |
OSE All Share |
413.31 5:02AM ET |
17.93 (4.16%) |
Components, Chart, More |
^MIBTEL |
MIBTel |
21,080.00 5:18AM ET |
669.00 (3.08%) |
Components, Chart, More |
^IXX |
ISE National-100 |
80.43 Sep 12 |
0.00 (0.00%) |
Chart, More |
^SMSI |
Madrid General |
1,188.37 5:15AM ET |
39.03 (3.18%) |
Components, Chart, More |
^OMXSPI |
Stockholm General |
261.91 5:17AM ET |
8.83 (3.26%) |
Chart, More |
^SSMI |
Swiss Market |
6,997.77 5:17AM ET |
217.73 (3.02%) |
Chart, More |
^FTSE |
FTSE 100 |
5,227.70 5:02AM ET |
189.00 (3.49%) |
Components, Chart, More |
6
posted on
09/15/2008 2:19:38 AM PDT
by
BGHater
(Democracy is the road to socialism.)
To: BGHater
It looks bad.
7
posted on
09/15/2008 2:22:08 AM PDT
by
TigerLikesRooster
(kim jong-il, chia head, ppogri, In Grim Reaper we trust)
To: TigerLikesRooster
I think by golly you have described that arrogant narcissistic community organizer Obama.
8
posted on
09/15/2008 2:32:44 AM PDT
by
OKIEDOC
(The Difference Between Palin and Obama is Common Sense, She's GOT IT, He DOESN'T)
To: OKIEDOC
“This does not speak so well of Obama and his connection to Colombia and Hardboard......”
Wrong ... this financial collapse will only benefit Obama since the blame will (as reported by Fox.com in their Lehman article) be placed on the Bush Admin.
Obama will most likely start today to hammer the Repubs. for the financial woes occurring on Wall St. and the mortgage industry. When people start to see their 401K’s and IRA plans plunge in the next week or two it will be Bush and the Repubs. that will be blamed by the media and Obama ... it will not be a good couple of weeks for McCain/Palin.
9
posted on
09/15/2008 2:50:13 AM PDT
by
CapnJack
To: CapnJack
CapnJack wrote:
Obama will most likely start today to hammer the Repubs. for the financial woes occurring on Wall St. and the mortgage industry. When people start to see their 401Ks and IRA plans plunge in the next week or two it will be Bush and the Repubs. that will be blamed by the media and Obama ... it will not be a good couple of weeks for McCain/Palin.
REPLY:
Yes the media and Obama will try to blame the current financial condition on Bush and his administration.
However, it will also point out that some of Americas greatest experience in the financial world did not have enough common sense to see that the financial sky was actually falling.
Many of us somewhat uneducated on FR were posting cautionary comments about Wall street and our out of control financial conditions as early as two years ago.
We were also laughed at quite often by many FReepers as being nothing but old negative Scrooges.
10
posted on
09/15/2008 3:01:11 AM PDT
by
OKIEDOC
(The Difference Between Palin and Obama is Common Sense, She's GOT IT, He DOESN'T)
To: OKIEDOC
Amateurs built the ark; experts built the Titanic.
11
posted on
09/15/2008 3:03:09 AM PDT
by
oblomov
To: OKIEDOC
I never dreamed I would live to see it ! These educated morons are doing everything possible to lead us into a depression. It is like an endless stream of terrible decisions.
We never learned from our mistakes. and there will be hell to pay.
To: se_ohio_young_conservative
As I have posted many times ever since Obama got the nomination he is the most dangerous man in America.
Obamas kind of hope and change is predicated on a vibrant economy and his high taxes on everything will kill any chance of that happening.
Then for the next four years we will have a lot of people who will cry themselves to sleep for what they did to their country.
It is hard to drain the swamp when were up to our asses in Alligators.
13
posted on
09/15/2008 3:23:16 AM PDT
by
OKIEDOC
(The Difference Between Palin and Obama is Common Sense, She's GOT IT, He DOESN'T)
To: OKIEDOC
Obama is a lot like Herbert Hoover. He wants to make the same mistakes.
To: OKIEDOC
Hey, correct me if I am wrong but are not most of these Wall Street companies that are going broke run by graduates from Ivy League Schools?
My wife and I were saying the exact same thing last night!
What has America gotten from all these genius graduates from the top business schools in America?
Absolutely NOTHING!
These geniuses are the ones (like the CEO of Merrill Lynch) who made the decision to invest full bore in the sub-prime lending market.
And these are the geniuses who surround the zerObama campaign.
To: TigerLikesRooster
Derivative traders open session to reduce Lehman risk(unthinkable is thinkable now)Looks like the "hall of mirrors" that the US financials has become is about to come crashing down. Boo-hoo. I am glad that dried up old fish is going to live to see it.
16
posted on
09/15/2008 4:08:22 AM PDT
by
central_va
(Co. C, 15th Va., Patrick Henry Rifles-The boys of Hanover Co.)
To: TigerLikesRooster
...A rare emergency trading session opened Sunday afternoon to allow Wall Street dealers in the $455 trillion derivatives market reduce their exposure to a potential bankruptcy filing by Lehman Brothers...Well that's nice but what about mom and pop? Why weren't they given the same chance to dump Lehman stock before the announcement?
17
posted on
09/15/2008 4:27:10 AM PDT
by
FReepaholic
(Palin's hot and she has a birth certificate.)
To: FReepaholic
Well that's nice but what about mom and pop? Why weren't they given the same chance to dump Lehman stock before the announcement? What good is being rich if you can't flout the rules and run to uncle sugah every once in a while? /sarc
18
posted on
09/15/2008 4:38:34 AM PDT
by
Centurion2000
(McCain/Palin 2008 : Palin the Paladin 2012)
To: TigerLikesRooster
19
posted on
09/15/2008 4:40:41 AM PDT
by
Travis McGee
(--- www.EnemiesForeignAndDomestic.com ---)
To: TigerLikesRooster
ISDA estimates the OTC derivatives market excluding commodities has a value of $455 trillion.Nothing on this planet is worth that much. What is the "derivative market" backed with?
They "claim" its worth $455 trillion but it's just paper.
20
posted on
09/15/2008 4:41:39 AM PDT
by
raybbr
(You think it's bad now - wait till the anchor babies start to vote!)
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