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To: carranza2 who wrote (70359)9/14/2008 11:13:31 AM
From: gg cox  Respond to of 74559
 
Mere humans will not make sense of what is in the bowels of the various companies computer programs in a weekend..they only understand the easy money flowing to their own pockets... ..let the Lehman black hole unwind into bankruptcy ..there is 2 cents on the dollar there somewhere, otherwise, who is next?

The article you posted was right on.

Message 24940565



To: carranza2 who wrote (70359)9/14/2008 2:15:30 PM
From: dvdw©  Respond to of 74559
 
Ever hear of Kaye Scholer? (case law)

There is a large potential kickback going to come from these structured products, and they wont be easy to escape. Malpractice actions will be at the root of some of these, a whole host of other specialty law at the heart of others.

the sheer number of hedge funds in law firms leaves those firms subject to class action across all sorts of interesting areas. sub prime, derivatives, all entanglements, which depend on operations of prevailing laws, pre entanglement, across very specialized fields.

shoddy research, packaging and promotions by those so eager to create self serving outcomes, suggests a breakdown in specialization, the lure of easy money, will prove a fatal flaw.

PS that was a good piece of work....thanks for posting it.



To: carranza2 who wrote (70359)9/14/2008 3:29:59 PM
From: Riskmgmt  Read Replies (1) | Respond to of 74559
 
<<I think that the prospective purchasers and LEH have no idea what their CDS exposure might be or, more likely, are certainly not being candid with each other or, even more likely, have no clue who has CDS backing up the one behind. A true house of cards.>>

Barclay's came to the same conclusion.

news.bbc.co.uk

Asia markets could be a mess if they don't get a deal done before the open. So much for the strong dollar.



To: carranza2 who wrote (70359)9/15/2008 10:27:41 AM
From: Maurice Winn1 Recommendation  Read Replies (1) | Respond to of 74559
 
C2, I have whacked SKF with $60 million at an average around $124 this morning when it opened so high. Such opportunities come around and one must provide liquidity to buyers if they are keen to buy.

Zim the Amazing must be watching in awe at my ability to see around corners and tame the charging bull with my tricky matador maneuvers.

This is so easy. It's like watching children thinking, planning their next move. One has time to get out in front of them and wait at the gate.

It should be a profitable trade within a week because the markets are wanting to panic, but after a few days, or even one, they'll be breathlessly running in circles and realize gradually that nothing particularly terrible is happening and that in fact there isn't a huge problem. Well, there are huge problems, but compared with 6 billion people getting on with life without share portfolios and other financial gerry mandering the Lehman Brothers and concurrent crunching is remote from reality for nearly everyone.

A Zulu in Zimbabwe will still buy a Titan CDMA cyberphone. Yes, I know most Zulus don't live in Zimbabwe but I want some alliteration. Yes, I know there won't be many Titans, if any, selling in Zimbabwe, but around the world there will be a lot and Gobi will sell irrespective of Lehman Brothers speculators losing their shirts.

Noblesse oblige,
Mqurice the Masterful