Comments on: NY Times: Barclays, Most Likely Lehman Suitor, Walks from Deal http://www.nakedcapitalism.com/2008/09/ny-times-barclays-most-likely-lehman.html Sat, 21 Nov 2009 22:38:01 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2008/09/ny-times-barclays-most-likely-lehman.html#comment-15161 Anonymous Sun, 14 Sep 2008 20:25:00 +0000 http://www.nakedcapitalism.com/2008/09/ny-times-barclays-most-likely-lehman-suitor-walks-from-deal/#comment-15161 If you wanted to know what happens when a stick save is not used, you are about to find out.<br/><br/>The US Treasury called the arm twisting meetings so I would think they are just playing to use as little money possible to backstop a deal.<br/><br/>Even a downgrade of Lehman triggers a waterfall of selling and that's the best case scenario. If you wanted to know what happens when a stick save is not used, you are about to find out.

The US Treasury called the arm twisting meetings so I would think they are just playing to use as little money possible to backstop a deal.

Even a downgrade of Lehman triggers a waterfall of selling and that’s the best case scenario.

]]> By: andyg http://www.nakedcapitalism.com/2008/09/ny-times-barclays-most-likely-lehman.html#comment-15160 andyg Sun, 14 Sep 2008 20:17:00 +0000 http://www.nakedcapitalism.com/2008/09/ny-times-barclays-most-likely-lehman-suitor-walks-from-deal/#comment-15160 Holy uknowwhat<br/><br/>http://online.wsj.com/article/SB122142278543033525.html?mod=hpp_us_whats_news<br/><br/><br/>Bank of America,<br/>Merrill Lynch<br/>In Merger Talks<br/>By MATTHEW KARNITSCHNIG, SUSANNE CRAIG and DENNIS K. BERMAN<br/>September 14, 2008 4:08 p.m.<br/><br/>Bank of America and Merrill Lynch & Co. Inc. are in merger discussions, according to people familiar with the matter.<br/><br/>The talks come amid a Wall Street scramble to sort out a potential liquidation of Lehman Brothers Holdings Inc.<br/><br/>Bank of America had considered buying Lehman, but when those talks failed to result in a deal, BofA turned its attention to Merrill, which is considered a better fit for the bank.<br/><br/>Much remains uncertain and conditions were fluid. Holy uknowwhat

http://online.wsj.com/article/SB122142278543033525.html?mod=hpp_us_whats_news

Bank of America,
Merrill Lynch
In Merger Talks
By MATTHEW KARNITSCHNIG, SUSANNE CRAIG and DENNIS K. BERMAN
September 14, 2008 4:08 p.m.

Bank of America and Merrill Lynch & Co. Inc. are in merger discussions, according to people familiar with the matter.

The talks come amid a Wall Street scramble to sort out a potential liquidation of Lehman Brothers Holdings Inc.

Bank of America had considered buying Lehman, but when those talks failed to result in a deal, BofA turned its attention to Merrill, which is considered a better fit for the bank.

Much remains uncertain and conditions were fluid.

]]> By: Randy http://www.nakedcapitalism.com/2008/09/ny-times-barclays-most-likely-lehman.html#comment-15154 Randy Sun, 14 Sep 2008 19:57:00 +0000 http://www.nakedcapitalism.com/2008/09/ny-times-barclays-most-likely-lehman-suitor-walks-from-deal/#comment-15154 Kwark, the reason our "leaders" want to postpone the inevitable is because they want to dump the entire shitload into the next administration's lap.<br/><br/>If Obama wins, then the steaming load lands with the Democrats, which suits the current administration fine.<br/><br/>McCain and Palin are sacrificial lambs. McCain isn't loyal to the party and Palin is a nobody. If they win then the party can afford to have them go down in flames. Kwark, the reason our “leaders” want to postpone the inevitable is because they want to dump the entire shitload into the next administration’s lap.

If Obama wins, then the steaming load lands with the Democrats, which suits the current administration fine.

McCain and Palin are sacrificial lambs. McCain isn’t loyal to the party and Palin is a nobody. If they win then the party can afford to have them go down in flames.

]]> By: Randy http://www.nakedcapitalism.com/2008/09/ny-times-barclays-most-likely-lehman.html#comment-15152 Randy Sun, 14 Sep 2008 19:54:00 +0000 http://www.nakedcapitalism.com/2008/09/ny-times-barclays-most-likely-lehman-suitor-walks-from-deal/#comment-15152 Rumor is going around now that BAC has pulled out. Cannot confirm at this time. Rumor is going around now that BAC has pulled out. Cannot confirm at this time.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/09/ny-times-barclays-most-likely-lehman.html#comment-15150 Anonymous Sun, 14 Sep 2008 19:51:00 +0000 http://www.nakedcapitalism.com/2008/09/ny-times-barclays-most-likely-lehman-suitor-walks-from-deal/#comment-15150 I've just seen BoA have pulled out of the deal, suppose that lends more credence to your comments. It seems hard to imagine any other outcome now for Lehman now. I’ve just seen BoA have pulled out of the deal, suppose that lends more credence to your comments. It seems hard to imagine any other outcome now for Lehman now.

]]> By: S http://www.nakedcapitalism.com/2008/09/ny-times-barclays-most-likely-lehman.html#comment-15151 S Sun, 14 Sep 2008 19:51:00 +0000 http://www.nakedcapitalism.com/2008/09/ny-times-barclays-most-likely-lehman-suitor-walks-from-deal/#comment-15151 BAnk of america is reportedly walking away. Will US markets open? well there is always the AIG call to look forward to, next... BAnk of america is reportedly walking away. Will US markets open? well there is always the AIG call to look forward to, next…

]]> By: Anonymous http://www.nakedcapitalism.com/2008/09/ny-times-barclays-most-likely-lehman.html#comment-15149 Anonymous Sun, 14 Sep 2008 19:47:00 +0000 http://www.nakedcapitalism.com/2008/09/ny-times-barclays-most-likely-lehman-suitor-walks-from-deal/#comment-15149 As the guy above said.....<br/><br/>They're gone!!!!! As the guy above said…..

They’re gone!!!!!

]]> By: Anonymous http://www.nakedcapitalism.com/2008/09/ny-times-barclays-most-likely-lehman.html#comment-15148 Anonymous Sun, 14 Sep 2008 19:44:00 +0000 http://www.nakedcapitalism.com/2008/09/ny-times-barclays-most-likely-lehman-suitor-walks-from-deal/#comment-15148 I am currently sitting in our trading office in th Uk awaiting the Asian open ,all the talk we are hearing is pointing towards a lehman bankruptcy particularly in light of the most recent news coming out of the ISDA. As a result we are forseeing signifiant dollar weakness, treasury strength and uncertainty within equities. I am currently sitting in our trading office in th Uk awaiting the Asian open ,all the talk we are hearing is pointing towards a lehman bankruptcy particularly in light of the most recent news coming out of the ISDA. As a result we are forseeing signifiant dollar weakness, treasury strength and uncertainty within equities.

]]> By: kwark http://www.nakedcapitalism.com/2008/09/ny-times-barclays-most-likely-lehman.html#comment-15147 kwark Sun, 14 Sep 2008 19:40:00 +0000 http://www.nakedcapitalism.com/2008/09/ny-times-barclays-most-likely-lehman-suitor-walks-from-deal/#comment-15147 With each failure the "tide" of a systemic financial crisis seems to reach ever higher. Watching as our "leaders" scramble ever more frantically to paper-over the crisis du jour I vacillate between thinking that our "leaders" are simply hoping to keep things afloat until November . . . or they really think postponing the inevitable is possible. Neither conclusion is comforting. With each failure the “tide” of a systemic financial crisis seems to reach ever higher. Watching as our “leaders” scramble ever more frantically to paper-over the crisis du jour I vacillate between thinking that our “leaders” are simply hoping to keep things afloat until November . . . or they really think postponing the inevitable is possible. Neither conclusion is comforting.

]]> By: Cash Mundy http://www.nakedcapitalism.com/2008/09/ny-times-barclays-most-likely-lehman.html#comment-15146 Cash Mundy Sun, 14 Sep 2008 19:35:00 +0000 http://www.nakedcapitalism.com/2008/09/ny-times-barclays-most-likely-lehman-suitor-walks-from-deal/#comment-15146 <a HREF="http://online.wsj.com/article/SB122139688846233147.html?mod=hpp_us_whats_news" REL="nofollow">Latest from WSJ</a><br/><br/><b><br/>Barclays Walks from Lehman Deal;<br/>Likelihood for Transaction Narrows</b><br/><br/><i> ....<br/>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....</i> Latest from WSJ


Barclays Walks from Lehman Deal;
Likelihood for Transaction Narrows

….
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….

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