Lehman Brothers - Acura TSX Forum
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post #1 of 19 (permalink) Old 09-15-2008, 11:02 AM Thread Starter
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Exclamation Lehman Brothers

Whoever has doubt on how serious trouble the US economy is in...

http://news.yahoo.com/s/afp/20080915...ncebankbanking

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post #2 of 19 (permalink) Old 09-15-2008, 12:03 PM
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I say let them fail. If you can't manage your money wisely or you invest in risky instruments, expect to get burned. We never should have bailed out Bear Stearns either. And BofA just bought Merrill Lynch for $50 billion in stock.

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post #3 of 19 (permalink) Old 09-15-2008, 01:43 PM
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I agree with Acid...I don't think the recent Fed takeover stuff is wise. Yeah, these type of things make a not-so-good economic situation look even worse.

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"Laws are made for men of ordinary understanding and should, therefore, be construed by the ordinary rules of common sense. Their meaning is not to besought for in metaphysical subtleties which may make anything mean everything or nothing at pleasure." --Thomas Jefferson, letter to William Johnson, 1823
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post #4 of 19 (permalink) Old 09-15-2008, 02:34 PM Thread Starter
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I'm not for government intervention, either. But it doesn't look good...

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post #5 of 19 (permalink) Old 09-15-2008, 05:42 PM
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The market will get over it. The Dow has been bouncing up and down between 11K and 12K for months now. Oil is below $96 a barrel and the dollar is still raising, although that won't last long.

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post #6 of 19 (permalink) Old 09-15-2008, 06:39 PM Thread Starter
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Oil is below $96, yet gas prices are rising. Here, unleaded is selling $1.49 a liter (3.78 liters per US gallon).

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post #7 of 19 (permalink) Old 09-16-2008, 08:13 AM
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Oil is below $96, yet gas prices are rising. Here, unleaded is selling $1.49 a liter (3.78 liters per US gallon).
Due to the Gulf Coast hurricane scare (see oil rigs & refineries). They should be coming down soon, but they are never fast about coming down on gas prices but they will sure will go up fast!

Quote:
"Laws are made for men of ordinary understanding and should, therefore, be construed by the ordinary rules of common sense. Their meaning is not to besought for in metaphysical subtleties which may make anything mean everything or nothing at pleasure." --Thomas Jefferson, letter to William Johnson, 1823
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post #8 of 19 (permalink) Old 09-16-2008, 08:31 AM
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oil is down to $92 dollars in early overnight trading.

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post #9 of 19 (permalink) Old 09-16-2008, 04:57 PM Thread Starter
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http://business.maktoob.com/NewsDeta...n_Brothers.htm

If you escaped recession until now, it may not be long before you are in one. Historically, this has led to Democratic wins.

Just yesterday, McCain was saying that the economy was strong, only to say the contrary 30 minutes later... Who's going to advise him on economic matters? Palin? LOL

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post #10 of 19 (permalink) Old 09-16-2008, 05:13 PM
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Quote:
Originally Posted by tradsf View Post
http://business.maktoob.com/NewsDeta...n_Brothers.htm

If you escaped recession until now, it may not be long before you are in one. Historically, this has led to Democratic wins.

Just yesterday, McCain was saying that the economy was strong, only to say the contrary 30 minutes later... Who's going to advise him on economic matters? Palin? LOL
No [email protected]#$! And even more funny, mccaint helped create Blackberry:
http://www.comcast.net/articles/news...in.BlackBerry/

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Last edited by HondaMan; 09-16-2008 at 09:32 PM. Reason: language
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post #11 of 19 (permalink) Old 09-16-2008, 05:16 PM
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Oh, and he has 9 houses, not 7!

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post #12 of 19 (permalink) Old 09-16-2008, 05:25 PM Thread Starter
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LOL! He doesn't even know how to use a computer or send an email!

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post #13 of 19 (permalink) Old 09-16-2008, 06:10 PM
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i have 2 friends that work for lehmans'...they'll prob be laid off

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post #14 of 19 (permalink) Old 09-16-2008, 09:48 PM
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LOL! He doesn't even know how to use a computer or send an email!
So what! Maybe the man has more important things on his agenda and there are reports he can and/or his war injuries make typing painful.

Obama' Attack on McCain's Computer Use Isn't an Outrage; It's Revealing

Quote:
"Laws are made for men of ordinary understanding and should, therefore, be construed by the ordinary rules of common sense. Their meaning is not to besought for in metaphysical subtleties which may make anything mean everything or nothing at pleasure." --Thomas Jefferson, letter to William Johnson, 1823
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post #15 of 19 (permalink) Old 09-17-2008, 12:24 AM
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time for some of them banker to trade in their Range Rovers, M5s, Porsches for an Acura
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