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Politics : Welcome to Slider's Dugout

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To: Fun-da-Mental#1 who wrote (8710)3/25/2008 2:54:37 PM
From: crdesign   of 50682
 
(I won't say all of the risk, because who knows what Bear's liabilities are or will be. And maybe Bear owed a lot to JPM. Or maybe JPM owed a lot to Bear! We'll never know.)

Looks to me like another Shakespearian tragedy set on the W/St. stage.
i.e. tell the patient everything is going to be fine, all the while it is actually bleeding them to death..

Lehman Bros played this very same Act back during the late 90's internet boom.
Anyone recall the names 'Verticalnet' (vert) or 'Safeguard Scientific' (sfe)
Back in the go-go days they were worth $280 & $320.
Now they trade around $3.

BSC & LEH deserve everything they have coming to them.

FWIW, Seth Tobias (Circle T) knew the right time to exit this mad world.

JMHO,
Tim
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