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Hate to be a downer but... Options
Business
#1 Posted: : Monday, September 15, 2008 4:32:08 AM
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Another bank is about to go bankrupt and this is a big one.

Lehman Brothers is big. They are a banks bank. They are filing for bankruptcy. 25,000+ more than likely will be laid off.

This is gonna be a big splash in the pond folks.


On a lighter note I read this and lol'd

Quote:

...The sheer volume of chauffeur-driven limousines required to ferry more than 100 bankers, officials and their advisors to the crisis talks had jammed up traffic around the block.


Things are tough all over.

http://www.nationalpost.com/news/story.html?id=790942



UPDATE:


Please post any news stories you find about the economy and all these companies falling over. The aim will be to create a road map of what is happening. Thank you.


Sidestorys & Updates:

09/19/08

Bush, Paulson outline powerful steps targeting troubled mortgage-related assets weighing down the finance industry. Plan could cost hundreds of billions. - CNNMoney

Citigroup reportedly considering bid for WaMu - MarketWatch



09/18/08

Russian market frozen, others falling - Economist

Federal Reserve increases lines of cash to central banks - Business Journal

Canada Joins Other Central Banks, Stocks More Dollars - Bloomberg

Yet another bailout - Taxpayer tally - CNNMoney


09/17/08

White House alters defense of economy's strength - AP

Treasury 3-Month Bill Rates Drop to Lowest Since World War II - Bloomberg

Why the Fed pulled the trigger on AIG - CNNMoney.com

German bank in Lehman embarrassment

Barclay's looking at Lehman



09/16/08
Federal bank insurance fund dwindling - Associated Press

Pelosi orders wide Wall Street probe - Politico.com
You wanna take this to Fuck Town?
Oh gadzooks, yes!
Lead Salad
#2 Posted: : Monday, September 15, 2008 7:33:49 PM
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haha, that's awesome.
Rikaelus
#3 Posted: : Monday, September 15, 2008 7:47:29 PM
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Sounds like LEH-offs at LEHman's!

BAHHAHHAHAHAHAHHAHAHAHH
HAHHAHAHHAHAHAHHAHAHAHAHA
hhahhahhahahahhahahhahh
hehhehhhhehhhehhheh
hehhhehheh...

yeah.

Dick Cheney's Mechanical Heart
#4 Posted: : Monday, September 15, 2008 8:09:25 PM
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AIG is supposedly going down soon too and they're the largest insurers and one of the biggest companies in the world. Major meltdown.
Razor wrote:
Killing people is good therapy.


Lead Salad
#5 Posted: : Monday, September 15, 2008 8:10:10 PM
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Dick Cheney's Mechanical Heart wrote:
AIG is supposedly going down soon too and they're the largest insurers and one of the biggest companies in the world. Major meltdown.


Really? This is like.. a dream come true.
Oopsie
#6 Posted: : Monday, September 15, 2008 8:19:04 PM
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You, of course, know that you would never survive in your world of anarchy, right lead Salad?
How much wood would a woodchuck chuck if a woodchuck could chuck wood?



Lead Salad
#7 Posted: : Monday, September 15, 2008 8:23:36 PM
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Oopsie wrote:
You, of course, know that you would never survive in your world of anarchy, right lead Salad?


*Sigh*.

Okay, what is your argument? Biker gangs? Super duper evil corporations with brain control lazors? Invasion by the Chinamen?
Rikaelus
#8 Posted: : Monday, September 15, 2008 8:30:17 PM
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Dick Cheney's Mechanical Heart wrote:
AIG is supposedly going down soon too and they're the largest insurers and one of the biggest companies in the world. Major meltdown.


That's what they get for having those fucking retarded commercials.

BadHorsie
#9 Posted: : Monday, September 15, 2008 8:32:32 PM
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Rikaelus wrote:
Dick Cheney's Mechanical Heart wrote:
AIG is supposedly going down soon too and they're the largest insurers and one of the biggest companies in the world. Major meltdown.


That's what they get for having those fucking retarded commercials.

Not to mention all the money they spend spamming me with offers I don't want multiplied by how many people that also don't want. LOL

 

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“I would like to say to Milton and Anna: Regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again.� - Ben Bernanke
Blahooligan
#10 Posted: : Monday, September 15, 2008 8:38:41 PM
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Business wrote:

On a lighter note I read this and lol'd

Quote:

...The sheer volume of chauffeur-driven limousines required to ferry more than 100 bankers, officials and their advisors to the crisis talks had jammed up traffic around the block.


maybe 'zis ees a clue....
Bah Weep Granah Weep Ninny Bong

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Denne er narkval
Hvor er narkval?
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Lykkkelig liten narkval!
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TripleBam
#11 Posted: : Monday, September 15, 2008 8:50:29 PM
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Rikaelus wrote:
Sounds like LEH-offs at LEHman's!

I chuckled a lil'.
Safety + Peace
Business
#12 Posted: : Tuesday, September 16, 2008 2:49:48 PM
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Hmm...the heads are talking about Barclay's taking over Lehman.


But I've been watching CNBC all morning and has anybody noticed how much they are talking about the need to globalize our financial companies?
You wanna take this to Fuck Town?
Oh gadzooks, yes!
McCheese
#13 Posted: : Tuesday, September 16, 2008 6:39:50 PM
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Welcome to Thunderdome!

 

...Bitch...



HAHA stupid horse, the sign says Deer crossing

Cantrip wrote:
For all you know, you may have been dessert on a day-long cock-feast.
BadHorsie
#14 Posted: : Tuesday, September 16, 2008 7:56:10 PM
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Now, they're talking the government will bail out AIG with an 85 billion dollar loan.

 

If you support John McCain and/or George W. Bush, please click here.

“I would like to say to Milton and Anna: Regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again.� - Ben Bernanke
Dick Cheney's Mechanical Heart
#15 Posted: : Tuesday, September 16, 2008 8:04:14 PM
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BadHorsie wrote:

Now, they're talking the government will bail out AIG with an 85 billion dollar loan.

 



I saw that - the Fed wants to do it, which is kind of weird because AIG isn't actually a bank.
Razor wrote:
Killing people is good therapy.


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