Comments on: Lehman Raises $6 Billion, Discusses Financials http://www.nakedcapitalism.com/2008/06/lehman-raises-6-billion-discusses.html Sun, 22 Nov 2009 16:56:52 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Richard Kline http://www.nakedcapitalism.com/2008/06/lehman-raises-6-billion-discusses.html#comment-9308 Richard Kline Tue, 10 Jun 2008 12:28:00 +0000 http://www.nakedcapitalism.com/2008/06/lehman-raises-6-billion-discusses-financials/#comment-9308 *hehhehheh* Cramer sounds like he had Lehman paper in his portfolio which is now so diluted he can read the rising negative indices throught it. [I have no idea if that's really true.] What gets me is this: We are likely not halfway through the losses from the Securitization Bubble _exclusive_ of any major CDS 'events' or even significant drop in the equities market from econo-cyclical fundamentals. Any banking institution stating that their present capital is sufficient is, shall we say, lacking in candor. <br/><br/>Riddle me this: What happens when the cowboys run out of bullets before outrageous fortune runs out of autochthons? The pokes get their final haircut. Now, do you, dear capitalist, want to join their wagon circle or ride for the horizon? Eat my dust, is _my_ answer. *hehhehheh* Cramer sounds like he had Lehman paper in his portfolio which is now so diluted he can read the rising negative indices throught it. [I have no idea if that's really true.] What gets me is this: We are likely not halfway through the losses from the Securitization Bubble _exclusive_ of any major CDS ‘events’ or even significant drop in the equities market from econo-cyclical fundamentals. Any banking institution stating that their present capital is sufficient is, shall we say, lacking in candor.

Riddle me this: What happens when the cowboys run out of bullets before outrageous fortune runs out of autochthons? The pokes get their final haircut. Now, do you, dear capitalist, want to join their wagon circle or ride for the horizon? Eat my dust, is _my_ answer.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/06/lehman-raises-6-billion-discusses.html#comment-9297 Anonymous Tue, 10 Jun 2008 04:57:00 +0000 http://www.nakedcapitalism.com/2008/06/lehman-raises-6-billion-discusses-financials/#comment-9297 Yves -- nice post. I am bit dense tho, and would benefit from a bit more explanation of the difference between gross and net assets. I sort of had the image that Lehman had sold $130b of assets and repaid an equal amount of debt, but I gather is not quite right ... <br/><br/>bsetser Yves — nice post. I am bit dense tho, and would benefit from a bit more explanation of the difference between gross and net assets. I sort of had the image that Lehman had sold $130b of assets and repaid an equal amount of debt, but I gather is not quite right …

bsetser

]]> By: sc http://www.nakedcapitalism.com/2008/06/lehman-raises-6-billion-discusses.html#comment-9286 sc Mon, 09 Jun 2008 22:14:00 +0000 http://www.nakedcapitalism.com/2008/06/lehman-raises-6-billion-discusses-financials/#comment-9286 Spot on! For once I concur with Cramer. The unwind of leverage takes no prisoners and this is a top-down unwind complicated by a bottom-up unwind with consumers. Bad times ahead. The pressure on the govt for further bailouts will mount making it hard to be short the credit of banks but by all means be short the equity as dilution lies ahead. Spot on! For once I concur with Cramer. The unwind of leverage takes no prisoners and this is a top-down unwind complicated by a bottom-up unwind with consumers. Bad times ahead. The pressure on the govt for further bailouts will mount making it hard to be short the credit of banks but by all means be short the equity as dilution lies ahead.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/06/lehman-raises-6-billion-discusses.html#comment-9283 Anonymous Mon, 09 Jun 2008 20:19:00 +0000 http://www.nakedcapitalism.com/2008/06/lehman-raises-6-billion-discusses-financials/#comment-9283 BIG news at WM, LEH and Wachovia, Mer, C,...all too big to fail and The Fed may be getting a little thin if they have to bail out 4 or 5 BIG banks!<br/><br/>Gas @ $4.00 and the market going up ... right! We have a depression unfolding and this magic rabbit show is running out of magic! BIG news at WM, LEH and Wachovia, Mer, C,…all too big to fail and The Fed may be getting a little thin if they have to bail out 4 or 5 BIG banks!

Gas @ $4.00 and the market going up … right! We have a depression unfolding and this magic rabbit show is running out of magic!

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