Lehman Brothers looks to be latest casualty of lending greed
From The Guardian (UK)
Lehman Brothers to report early after stock plummets
Lehman Brothers has rushed its trading statement forward by a week to today, amid fears that the investment bank would fail to raise much-needed capital to shore up its finances.
Shares in Lehman Brothers fell by 45% last night, plunging Wall Street back into a state of high anxiety.
The Dow Jones index of leading shares closed more than 280 points lower, almost entirely erasing the gains made on Monday when the markets had reacted with enthusiasm to the bail-out of stricken mortgage finance firms Freddie Mac and Fannie Mae.
The oil price also fell sharply, with Brent crude back under $100 a barrel for the first time since April.
The company will release its third-quarter results at 12.30pm BST (7.30am New York time), along with a disclosure of "key strategic initiatives". According to the Wall Street Journal this morning, it is planning to separate some of its distressed commercial real estate assets into a new venture dubbed SpinCo, and is also in talks with private equity firm BlackRock to sell some British housing assets.
Lehman's options for raising fresh financing appeared to be running out after talks to sell a stake in the bank to the South Korean government-owned Korea Development Bank (KDB) were reported to have broken down.
Lehman is facing billions of dollars in losses from ill-judged gambles on the mortgage market and the investment bank has become the latest victim of the credit crunch. The bank had hoped to secure an investor ahead of its third-quarter results.
Lehman is just one more of the many dominoes to fall (like Bear, Freddie and Fannie) while the Grand Depression accelerates. This is not just the result of human greed but the deliberate engineering by Zionists (Israeli as well as American) and part of their Gameplan to create their 'New World Order'. 911 was also part of their Gameplan. Soon, it will be GAME OVER!
Curious about who they really are and how the Game will end?
Get the whole story (and get in the Game) at:
http://novalight.org
(or just Google 'novalight' and click on the 1st link)
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"We hold these truths to be self-evident"
All of this financial skullduggery on Wall Street reminds me of feeding, or "slopping" the hogs back on the farm as a kid.
We'd usually call the hogs to their feeding frenzy, shouting "Soooey, soooeey," or something like that and they'd come a runnin', even though there was always more than enough for all.
After all, if you don't feed them more than enough food, they won't get fat and you won't be able to ship them to market.
I'd throw out the feed corn and some would eat quietly, while others would fight ferociously over the corn.
While they were fighting, other pigs would sneak in and eat their portions.
Which meant if the pigs wanted a full belly, they'd have to go out in the lot and scarf on fresh cow shit, that had undigested kernels of corn in the piles.
Somehow, what Wall Street is doing to itself and Americans, reminded me of those dumb-ass and greedy hogs.
Tanx for the excellent blog sully, and in reference to the tune (its artist rather): I'm as convinced as ever that Rory's death was talmudically-inspired and / or related. Call me "paranoid" (or what you will -- and there are a lot of names which might as well befit me), but I have read some articles online which lead me to deduce the same (articles which I can't find offhand or at present though here's this):
http://findarticles.com/p/articles/mi_qn4161/is_20020414/ai_n12839691
Anyway, it would be highly good and interesting if Ognir (say) could somehow contact Rory's brother and manager, Donal (I never could locate an e-addy for him), and do a show that got to the bottom of it, as well as exposed the obvious and needless dangers of prescribed psychotropic drugs, &c.
I hope ye'll pardon my "off-topicness", Stevey.
'N other words, I say it remains an unsolved murder (to which he and his depression unwittingly contributed, probably). I'm done.
Saw Rory and the boys at a show which was opened up by "Blue Oyster Cult."
BOC blew everyone away and then Rory and his band really rocked the place out.
Always thought his drinking had done him in.