No one here cares about Lehman huh?

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It figures.

Autism = Belly Gazing Narcissism

Is that all you do is crap about autism and who's Lehman huh?

Here's an idea, expand on your topic with lucid substance

Sigh... you don't even know who Lehman is.

Who is Lehman? And why should I care?

Not many aspies have funds to invest.

I was able to access 97% of my super 10 years ago (it's changed now, they don't let you access any until retirement age) but the govt made me leave 3% in a super fund. It's done dismally compared to what I managed to do with my bit. It will drop even further after this. I only regard it as funeral money anyway, so I guess it's gonna be a cheap one.

...and besides, you're the WP financial expert Zeno, you tell us. Is the sky falling?

Lehman filed for bankruptcy over the weekend, and Bank of America is buying Merrill Lynch.

Oddly enough, I came upon this thread just after writing a blog post on the topic.

Since economics isn't my strong point (I not only don't know what stocks are despite multiple attempts to educate me on the topic; but I also have only the vaguest of vague notions what credit is -- meaning I have had to rely entirely on the explanations of better-educated people on the topic to tell me how bad this actually is), a good deal of that blog post was about the need to get past pettiness when there's something serious going on. On a large scale that's what anyone with power untangling this mess is going to have to do if they want to actually fix the problems that are going on rather than bicker about how awful each other are. On a small scale, it wouldn't be bad to start on this thread.

Well, I care, but there's nothing I can do about it, and I need to look out for my own interests. As long as the staff didn't have their retirement funds invested in their own company, they'll be alright. And even if they did, America's still a very wealty country.

I normally wouldn't discuss economy here, especially not in this forum.

I don't care.

I'd probably be a narcissist if I actually had a "self", but since I don't have one, your assertion is wrong.

"AP - Stocks tumbled and Treasury bond prices soared Monday as investors reacted to a stunning reshaping of the landscape of Wall Street that took out two storied names: Lehman Brothers Holdings Inc. and Merrill Lynch & Co. The Dow Jones industrial average fell 300 points, though the market's initial losses were not as steep as some investors had feared."

Buy stocks, sell bonds. (Buy'n'large)

The financial crisis just keeps getting worse and worse. Yes, I know Lehman is a huge Yank investment firm that has gone bankrupt. I still don't understand how these institutions could have lost so much money ??! !

You think people like us have the money to bother
with investing on Wall Street? As if!

Financial ruin always brings a smile to my face, anyhow company's are not immune to making bad investments, then not selling before the prices plummet, thats how it works, some people get rich and some people get destroyed, its the nature of the business.

Last edited by spudnik on 15 Sep 2008, 11:00 am, edited 1 time in total.

Me too ... but only when it's someone else's.