Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: carranza2 who wrote (70345)	9/12/2008 1:49:01 PM
From: Maurice Winn	1 Recommendation Read Replies (1) of 74559

Also, if you check the share price of Lehman Brothers, you'll see that shareholders are NOT expecting anything that they would consider a bail out. Nor did Fannie, Freddie or Bear Stearns get much of what they would consider a bail out. They more likely feel impoverished. I doubt there will be a bail out. Some OPEC people with huge stashes of US$ to recycle are the obvious buyers. Or perhaps China. I expect they'd put it through some other financial institution to provide the management services by way of acquisition and firing a lot of Lehman Brothers executives who got it wrong. No, wait. I recall Lehman Brothers arranged funding for Livedoor [a company in Japan of which I own a portion] to do acquisitions in Japan. Livedoor is doing quite well these days despite the political and legal dramas of Horie [the ex-CEO]. They could go on a big buying spree of USA financial assets in distress, returning the favour. Japan has a LOT of money looking for something useful to do. NZ$ uridashi are going belly up, as are NZ mortgagors who borrowed and hoped, revaluing houses double and double again. Mqurice

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