Borrow money from fed; is like put your hands in cookie jar; at first; you may think it is a good idea; later you will realized that defaulting from other investors is one thing; cheating government is a serious crime.
haha It's all good my man. They are all going broke! Credit as we know it will not exist. All whole new version of credit will emerge.
We'll soon be paying for things with chickens and goats. Mind you , the way the USD has faired the last few years I'd rather sweep my profits in the form of chickens and goats.
The following institutions will be around forever: Rothschild banks of London and Berlin, Lazard Brothers bank of Paris, Israel Moses Seif banks of Italy, Warburg bank of Hamburg and Amsterdam, Lehman Bros. bank of New York, Chase Manhattan bank of New York, Kuhn, Loeb bank of New York, Goldman Sachs bank of New York LEH isn't going anywhere.
LOL; in this game; credibility is everything; BSC couldn't get its brand new building appraised at fair value.
you makin odds on exactas and trifectas? must be nice having a deep cookie-jar to go running to, the fed window (in case of emergencies), at damned-nears free rates, and now there's talk of 'making it permanant'...hell, if they can't make maoney trading when they borrow it for next to free... TMA CEO is still talking rosy, stock under a buck down from 30 in a year...good work GallStone.
LEH is going down. their B/S is a mess. Running here and there to get our of the RE crap. $17.50 strike PUTs for July.