Now "entering phase 2 of the credit crisis"

Discussion in 'Economics' started by wilburbear, May 29, 2008.

  1. Excellent Article.....

    Lehman Brothers took writedowns of just $200m on its $6.5bn portfolio of sub-prime debt in the first quarter even though a quarter of the securities had "junk" ratings, typically worth a fraction of face value.

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    Hey Fuld may yet to keep his bonus....but things are getting a little tighter....

    $200 million of $6.5 Billion declared....

    Skating for over 5 months....
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    S ecure
    E mployee
    C ompensation

    Train in the SEC....Get paid at the big firms....
    Do the dance....