SERVING THE QUANTITATIVE FINANCE COMMUNITY

 
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TraderJoe
Posts: 11048
Joined: February 1st, 2005, 11:21 pm

Lehman

September 12th, 2008, 7:30 pm

QuoteLehman Brothers bonus pool exceeds value of bankFinancial News Online.The staff bonus pool at Lehman Brothers could now be worth more than the firm itself following a collapse in the bank’s share price over the last two days.Sorry, couldn't resist.
 
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TraderJoe
Posts: 11048
Joined: February 1st, 2005, 11:21 pm

Lehman

September 13th, 2008, 11:20 am

After Lehmans, who's next?Merrills?
 
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trackstar
Posts: 27426
Joined: August 28th, 2008, 1:53 pm

Lehman

September 13th, 2008, 11:51 am

AIG - hurricanes.
 
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TraderJoe
Posts: 11048
Joined: February 1st, 2005, 11:21 pm

Lehman

September 14th, 2008, 8:48 pm

QuoteOriginally posted by: mackbarAIG - hurricanes.QuoteAIG, the world's largest insurer, and WaMu, the nation's biggest savings bank, have taken steep losses during the past year from risky investments. Investors, worried they do not have enough cash on their balance sheets to withstand further hits, unloaded their shares on Friday.
 
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TraderJoe
Posts: 11048
Joined: February 1st, 2005, 11:21 pm

Lehman

September 14th, 2008, 8:49 pm

Going, going, ...
 
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TraderJoe
Posts: 11048
Joined: February 1st, 2005, 11:21 pm

Lehman

September 14th, 2008, 9:06 pm

The markets are going to be flooded with quants come tomorrow ...Just a thought .
Last edited by TraderJoe on September 13th, 2008, 10:00 pm, edited 1 time in total.
 
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trackstar
Posts: 27426
Joined: August 28th, 2008, 1:53 pm

Lehman

September 14th, 2008, 9:12 pm

They are already..."As word that a Barclays deal was off filtered across Wall Street, credit derivative traders scrambled to unwind their outstanding contracts with Lehman and shift their positions to other banks. CDS traders at many Wall Street firms were told to come to work immediately.With many trading desks open, investors rushed to buy credit default swaps tied to other brokerages and corporations, sending the cost of protection on investment banks such as Goldman Sachs and others sharply higher. One senior trader said Bank of America is offering to face Lehman's counterparties in CDS trades, as long as the swaps don't reference Lehman's own debt.In a statement on Sunday, the International Swaps and Derivatives Association, a trade group whose members include many large dealers, said a "netting trading session" will take place between 2 p.m. and 4 p.m. on Sunday to allow Lehman's counterparties to offset their positions against each other."http://online.wsj.com/article/SB122139688846233147.html WSJ Online - LEH Sept 14
Last edited by trackstar on September 13th, 2008, 10:00 pm, edited 1 time in total.
 
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TraderJoe
Posts: 11048
Joined: February 1st, 2005, 11:21 pm

Lehman

September 14th, 2008, 9:33 pm

If I bought a put for ten bucks from Lehmans, now that they are bankrupt, would I expect to get any money back ?(Damn, the MFE forgot to cover that one ).
 
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TraderJoe
Posts: 11048
Joined: February 1st, 2005, 11:21 pm

Lehman

September 14th, 2008, 9:39 pm

QuoteOriginally posted by: TraderJoeAfter Lehmans, who's next?Merrills?QuoteThe WSJ said on its Web site that after Bank of America was unable to reach a deal for Lehamn, it turned instead to a possible combination with Merrill, considered a better fit for the bank.
 
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trackstar
Posts: 27426
Joined: August 28th, 2008, 1:53 pm

Lehman

September 14th, 2008, 9:42 pm

Never mind about the utility of the MFE for the moment.Asia will open very soon - try to get a ringside seat for that.
 
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TraderJoe
Posts: 11048
Joined: February 1st, 2005, 11:21 pm

Lehman

September 14th, 2008, 9:49 pm

QuoteOriginally posted by: mackbarNever mind about the utility of the MFE for the moment.Asia will open very soon - try to get a ringside seat for that.I'm there.
 
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trackstar
Posts: 27426
Joined: August 28th, 2008, 1:53 pm

Lehman

September 14th, 2008, 9:54 pm

Last edited by trackstar on September 14th, 2008, 10:00 pm, edited 1 time in total.
 
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PaperCut
Posts: 1616
Joined: May 14th, 2004, 6:45 pm

Lehman

September 15th, 2008, 2:19 am

Kablooie!Lehman bankrupt.Merrill taken over by Bank of America.
 
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AbhiJ
Posts: 748
Joined: August 5th, 2008, 11:29 am

Lehman

September 15th, 2008, 5:56 am

Lehman sinks Merill to follow,Citi almost half killed.What would happen if all the big players started to follow suit?
 
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qhedge
Posts: 136
Joined: November 26th, 2004, 6:14 am

Lehman

September 15th, 2008, 7:25 am

QuoteOriginally posted by: AbhiJLehman sinks Merill to follow,Citi almost half killed.What would happen if all the big players started to follow suit?Smaller companies will grow their business by buying whats left and become the new big players (due to fail in a coming decade)?
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