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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (70369)	9/15/2008 4:31:45 AM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 74559

If the Federal Reserve is accepting collateral against Treasuries, then perhaps Barclays could rustle up $10bn of Sovereign Wealth Fund/OPEC/recycled petrodollars [do you remember that expression from 1980?] in exchange for new Barclays equity, take over Lehman Brothers and issue a whole lot more Lehman/Barclays stock to the Federal Reserve as collateral for a $10bn Treasury injection helicoptered from Big Ben. That would stabilize things, avoid a taxpayer/citizen donation to the new entity, maybe make a profit too [quite likely]. This should be an interesting week. I suppose <Glad I didn't open an account for my Mom with Neuberger-Berman. > is why Lehmans has run into trouble [apart from dodgy financial decisions which led them to the precipice]. Prospective and existing customers have presumably bailed out en masse as they could. Mqurice