SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (37133)9/17/2009 7:28:06 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 71588
 
Still... after Lehman's collapse Merrill was cued-up for collapse (absent the BAC forced-marriage Merrill was surely toast within the week).

And, Merrill was so intertwined in his financial relationships with Goldman that, if Merrill had collapsed Goldman was considered next in the train.

And --- absent government bailout funding --- numerous other foreign institutions (Barclay's, etc.) were sure to tip over at the height of the financial crisis.

All of which would have continued --- very, very rapidly --- to have *expanded* the breadth and magnitude of the panic, (and the subsequent macro economic damage in the real economy.)



To: TimF who wrote (37133)9/21/2009 3:12:09 AM
From: RMF  Read Replies (1) | Respond to of 71588
 
We have NEVER had a downturn as severe as this one.

Back in the 1930's the banks went bust, but only to the tune of what they had on their books.

THIS time they were in HOCK for TRILLIONS in derivatives.

They were not only wiped out, they were ERASED.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News