Lehman Bros

Verbal · Post by **Verbal** » Mon Sep 15, 2008 5:34 pm

Nearly $70 a share earlier in the year, now worth precisely...21.2cents a share

http://bloomberg.com/

One bank bankrupt, another bought, and AIG loses 42% of it value.

http://news.bbc.co.uk/1/hi/business/7615931.stm

Gonna be a long week for some. Unless you're at Lehman.

Batman · Post by **Batman** » Mon Sep 15, 2008 5:44 pm

that jens is a c*nt though

Worthy4England · Post by **Worthy4England** » Mon Sep 15, 2008 5:47 pm

I'd still settle for 1% if AIG's remaining "value" in my Account. but maybe not in another 24 hours

UBS and HBOS also have some issues...

Verbal · Post by **Verbal** » Mon Sep 15, 2008 5:55 pm

Aye, HBOS seems to have recovered a bit though, down 16% now. Nowt on the scale of Lehman though. Been scary watching it drop like a stone this weekend.

Apparently AIG has been given permission to make a bridge loan to itself, whatever that means. F*ckin needs it, half its value has gone today.

23 cents a share now is Lehman.

Batman · Post by **Batman** » Mon Sep 15, 2008 5:57 pm

http://www.lehman.com/careers/profiles/ ... s_ditl.htm

Verbal · Post by **Verbal** » Mon Sep 15, 2008 5:59 pm

CHeck out the careers bit.

"The Lehman Brothers team is growing"

really.

Batman · Post by **Batman** » Mon Sep 15, 2008 6:00 pm

he missed off the bit at the end of his day

8pm - went home with the contents of my desk in a cardboard box

Worthy4England · Post by **Worthy4England** » Mon Sep 15, 2008 6:03 pm

Wonder will they pay them all into a Lehman bank account on Friday...

Verbal · Post by **Verbal** » Mon Sep 15, 2008 6:04 pm

The sad thing is that alot of the staff have a stake in Lehman, their gonna get next to nowt.

My mate works at GS, quite glad I'm not him right now.

Verbal · Post by **Verbal** » Mon Sep 15, 2008 6:06 pm

AIG just lost 5% more of its value in the last 10 minutes.

Looks like Man U aren't getting their sponsor monies...

Worthy4England · Post by **Worthy4England** » Mon Sep 15, 2008 6:08 pm

Verbal wrote:The sad thing is that alot of the staff have a stake in Lehman, their gonna get next to nowt.

My mate works at GS, quite glad I'm not him right now.

Yeah, the really sad thing is that the Directors only got 50% of their bonuses in shares...Which means the bastages will have got 50% in cash tucked away..

Verbal · Post by **Verbal** » Mon Sep 15, 2008 6:11 pm

Aye, a few would have got most shares.

At least that'll keep them off the dole.

Worthy4England · Post by **Worthy4England** » Tue Sep 16, 2008 5:03 pm

AIG is quite fun today - can't make it's mind up whether to go bust or not.

Verbal · Post by **Verbal** » Tue Sep 16, 2008 5:31 pm

Its hovering around $3 a share now, same price Lehman was on Friday. Apparently it needs to raise $75bn cap in hand other wise it hits the kerb.

Worthy4England · Post by **Worthy4England** » Tue Sep 16, 2008 5:33 pm

Verbal wrote:Its hovering around $3 a share now, same price Lehman was on Friday. Apparently it needs to raise $75bn cap in hand other wise it hits the kerb.

Might be worth a small flutter...

Verbal · Post by **Verbal** » Tue Sep 16, 2008 5:35 pm

Ok, you first.

Worthy4England · Post by **Worthy4England** » Tue Sep 16, 2008 5:37 pm

I'm just on the phone to my investment bank...but I seem to be having difficulty getting through.....

Verbal · Post by **Verbal** » Tue Sep 16, 2008 5:39 pm

"Hello and welcome to Lehman Brothers. None of our operatives aren't available at the moment, please hold the line..."

AIG just sailed under $3.

Lord Kangana · Post by **Lord Kangana** » Tue Sep 16, 2008 5:46 pm

As long as they all got their bonuses before the sh*t hits the fan I'll be able to sleep soundly at night.

I'm sure theres some phrase to do with reaping what you sow, but no doubt that was considered surplus to requirement, along with the red-tape that some people call (rather fancifully) "financial regulations". Still, at least when the world slips into recession we can be comforted by the thought they've had some fun along the way.

Verbal · Post by **Verbal** » Tue Sep 16, 2008 6:31 pm

Thats the thing with free market capitalism, people seem to forget about the inevitable lows which'll follow the mega highs

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