Just asking for some opinion. Couldn't the point be made that the Fed discount window accepting mortgage bond collateral is a game changer for LEH vs. BSC? BSC didn't have access to this facility while LEH does thanks to the BSC precedence. I am not saying LEH can't go down the drain, it just appears they have more tools available to stay afloat than BSC had. All speculation about LEH aside, bond markets clearly see less credit market angst than 2 weeks ago. Here's the TED (Eurodollar/LIBOR VS T-Bills) spread, a good indicator of short term fixed income market paranoia. Once any other major institution is close to going belly up this should reverse, too. However, despite all those LEH rumours it's actually down another 11 bps today:
S2007S, please I beg you, show me one single post of Landis saying that - in the current context: a) there is no crisis b) everything is roses Can't wait for your reply.
Notice that I have never said anything of the sort about how there "is not a crisis" or that "everything is roses". I've never, ever said anything close to that here on ET. Not last week, not last month, not last year. Also notice that this idiot has posted 17 times today and doesn't have the balls to reply back to you with any proof otherwise. Typical.
Excellent point. Unfortunately, people like S2007S doesn't know the difference. If he did, he would have been able to touch upon the distinction by now.
Ditto. Good snag. Also, makloda, I agree LEH seems to have a better firewall than BSC could muster. Maybe it's because it's ex post facto BSC? Not sure.
Do you think LEH will let you to profit from their own news happened 10 days ago??? You'd better to think twice!!!