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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (30979)	3/15/2008 9:05:21 AM
From: carranza2	Respond to of 217752

Ooops: citigroupgeo.com

To: carranza2 who wrote (30979)	3/15/2008 7:04:55 PM
From: TobagoJack	Respond to of 217752

the sorry details, bit by dirty bit just in in-tray QUOTE M -- Nice call on taking Bear Stearns to win the first BK award -- looks like a formality at this point -- hope you longed some deep OTM puts there BTW, do you have friends at S3 and/or Renaissance? Apparently S3 was way ahead of the curve getting their cash out of Bear, whereas Renaissance just cut bait last week It doesn't say so below but many believe it was actually Carlyle going down that finally did in Bear -- it would be interesting reading as to how all these firms are connected -- but I'll save that for another time The street says Lehman is on deck S3 Partners Pulled $25 Billion From Bear Stearns By Nicholas Larkin, WSJ March 15 (Bloomberg) -- S3 Partners LLC moved $25 billion of clients' assets from Bear Stearns Cos. to other brokers in the past three months, the Wall Street Journal reported, citing S3 managing partner Robert Sloan. Renaissance Technologies Corp., which oversees more than $30 billion, also shifted its assets from Bear Stearns to other Wall Street rivals in the past week, the newspaper said, citing unnamed people close to the matter. The report didn't give a figure. Debt investors yesterday also became ``more cautious'' about Lehman Brothers Holdings Inc., with the cost of five-year credit-default protection on Lehman's debt rising to $450,000 annually for every $10 million in debt, up from $395,000 the previous day, the Journal said. Investors wanting to buy this protection on Bear Stearn's debt at one point had to pay as much as $1.1 million upfront to sellers and agree to pay $500,000 annually for five years for the insurance, the newspaper said. To contact the reporter on this story: Nicholas Larkin in London at nlarkin1@bloomberg.net Last Updated: March 15, 2008 08:01 EDT QUOTE

To: carranza2 who wrote (30979)	3/16/2008 4:42:11 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 217752

Quarter of a century? That's nothing. Not at all scary <this toxic background has the potential to fuel a recession unlike any the United States has endured in the past quarter century. > That only takes us back to 1983. No worries. Yes, there were some hiccoughs since 1970, but nothing too bad. In my lifetime there hasn't been anything to be too concerned about [overall though of course for individuals it was another matter]. 1987 was a beauty in NZ, with fortunes splattered and wealth effect turned to poverty effect. But that was a matter for individuals rather than the whole country. But it looks to me as though there is potential for a LOT more fun than that. Mqurice