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Lehman to file for bankruptcy???

The WSJ reports, that talks on Lehman are going NOWHERE … AUTSCH!!!

Nobody wants to invest without a Government backstop … :)

So … question of tomorrow is … will the Government … AGAIN … change its opinion and backstop it ???

OR … will they allow Lehman to fail???

IF they let them fail … the domino has started … WaMu, AIG, Merill … who will be next???

Remember … FRIDAY is OPTIONS AND FUTURES EXPIRATION!!!

This could REALLY become U G L Y !!!!!

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This entry was posted on Sonntag, September 14th, 2008 at 00:03 and is filed under FDAX. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Lehman to file for bankruptcy???”

  1. Julio Says:
    September 14th, 2008 at 15:22

    I’m surprised that none of the financials (some rating LEH as a “Buy” only a few days ago) want to buy it at the current price (even if they were taking them for 5-10/share). So what about current prices for MER, GS, AIG, are they also not real?
    If LEH are so bad, then why the Korean bank (after looking at their books) offered around 6 billions for 25% (around 26$/share)?
    If the domino effect is here, we are far from the bottom. Aren’t we?

  2. Oli Says:
    September 14th, 2008 at 17:56

    They are all under water … and as nobody really knows, how far this market falls (housing) … everybody is scared … as in the whole creditmarket … NO BIDS …

    The Koreans … I heard … offered that for a roughly 50% stake … but in a BEAR MARKET … Today’s BIDS are tomorrow’s OFFERS ;)

    Lehman is cheap … but nobody needs them … and the nuclear waste … makes them SCARY … so … as all know, that you will be able to buy the good parts or lure the good peaople away … why buy them???

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