Update: now we know why they keeled over.
Update: Incidentally, the Lehman bankruptcy is apparently 10x the size of Enron. And HBOS has now gone. And MS or GS?.
More like this
Fury at Lehman bonus
Here is an bit of financial news from the UK that might have been overlooked...
Fury at Lehman $2.5 billion bonus
select links to ponder:
Krugman ponders lack of leadership and consensus at G7 meeting
As we witness the self-destruction of portions of our financial institutions, many of us have been ask ourselves: what the hell is going on?
Worse to come, especially if AIG goes under. This is really shaping up to be "Tales of Hoover Part II", but then you know that I am an optimist.
Could you please stop your attacks against this great company? It has released a terrific report on climate change. See
http://gristmill.grist.org/story/2007/9/21/131335/679
James Hansen is the main climate change adviser for Lehman brothers. So please buy the Lehman stocks for all the money you have, to push it back from USD 0.18 to USD 80, otherwise I will show that you are a denier.
JR. Well thank you very much. I laughed and laughed and laughed. But seriously. Is capital (corporations, big business) showing signs of really getting it or am I indulging in wishful thinking?
Douglas Coker
Enfield Green Party