Follow-up question:Do casinos add value to the world?

<t>QuoteOriginally posted by: PaulYou are right, HOOK. People are so attached to risk neutrality that they forget it relies on some incredibly unrealistic assumptions. (And I use 'incredible' in the sense of being impossible to believe! But people do like their clever maths!) Those assumptions are w...

Barclays already bought part of Lehman, anyone knows where will those quants go?

now barclays is buying, are you guys safe?

Take it easy, this forum will be dead soon.

http://www.bloomberg.com/apps/news?pid= ... refer=home

any leh or mer quant here?

<t>QuoteOriginally posted by: twofishQuoteOriginally posted by: actuaryalfredVictim? At least they had their bonus in the good time. Now all the tax payers need to take over their shitty loans.Trouble is that especially for senior managment, much of the bonus was in stock.....Obviously it's their fa...

QuoteI tend to think that Investment Banks' shares shouldn't be listed on stock market. They just add instability to the system.In fact, their existance does not have much benefit to the society but way too much harm, whether they are publicly traded or not.

<t>QuoteThe taxpayers may think they are bailing out the banks, but they are really bailing themselves out. Without cash in the coffers, banks can't lend. Without trust in counterparties, banks won't lend. Without lending, housing prices will fall sharply (causing more losses, more drains on banks' ...

<t>QuoteWe can only hope that as some of the weaker players go to oblivion that the flight of capital from the falling dominos will help strengthen the foundations of the strongest players.Help the strongest players? So that they can gamble more crazily because they know Fed will eventually help the...

QuoteOriginally posted by: ldnLehman may be the next victim...Victim? At least they had their bonus in the good time. Now all the tax payers need to take over their shitty loans.

Anyone working there can say something here?