Just wondering if anyone actually did any of those paid surveys or emails....do u really get paid or is it just a scam. I know there are one that you pay first but i think thats just a scam. Do any ...
About 3 Months ago I bought DVDs worth 50 pounds from DVD Direct. Their website was goodmusic.co.uk. I ordered them through the post and sent a cheque for the amount. While they only took a few days ...
Evrybody has harsh words about illegal immigrants and all that they take from the American worker by taking our jobs, sending their money back to Mexico and not paying taxes while living on ...
I was just wondering it's my first time buying things online and i was just wondering how safe it is to buy things from ebay? Please answer me truefully what do you think about the sight have ...
My husband started a new job about one month ago. There are about 8 people in the office. Everyone is super-busy with his own projects, and the phones ring constantly. The boss says the phones ...
So there is this name I like but is taken by a company that makes something different than I. Can I take the same name for my company even if we are in different fields? Additional Details<...
I received an email from a friend that said "The job is going to be demanding and I hope I can last. Turnover is pretty high there." What does that mean?...
and the address is british petroleum comapany plc uk human resource department 408, burly new road, white field , WD1 8SB watford, uk. pls tell me is the company really existing or not in ...
Hi I had a washing machine leak and it has ruined my floor. The company involved doesnt want to know. I asked on here and people told me to complain to the BBB but what does that stand for and is it B...
I bought an item over the phone last year and paid with my debit card. I had great problems getting the item. I did eventually receive it at the begining of February this year. When checking my bank ...
They are holding a lot of bad loans and real estate transactions in their portfolios. The default rate on these loans and transactions has been higher then what they forecasted, as the real estate market in the country has gone down. Plus they used leverage to purchase some of these loans which they can sometimes do at a ratio of 20:1 or 30:1 of the firm's equity, meaning it only takes a small part of them to go bad for them to lose a lot of money. Since there have been record foreclosures nationwide this year and last, the implications for some banks have been very negative.
Once shareholders became aware of the size of the problem and did the math it became obvious that Lehman was worth much less than the market was valuing it at, and a downward spiral began.
Russell B
Well it looks like it is all gone tomorrow. The news is reporting a bankruptcy filing on the way tonight.
**News now says they ARE filing***
It seems they leveraged (lent out 9 times the money they had) themselves too much 9:1 and lost 2 of the 9 and ran out of cash.
A PUT doesn't cause a stock to go down, it's an option to sell a stock at a certain price. Although having a 300% PUT does make a stock look really bad, but in this case it was no suprise.
I Told You SO
We're in the middle of a full on recession. And don't let any politicians tell you we're not. Get your money out of the bank and keep it safe.
chuckles951
Because someone there thought it was a good idea to give mortgages to people without checking to see if they could repay the loans.
And eventually the crap hit the fan and they have run out of liquidity.
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