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Lehman plunges as investors doubt survival

Lehman plunges as investors doubt survival
On September 11th, 2008 christopher X says:

http://biz.yahoo.com/ap/0...

Lehman plunges as investors doubt survival
Thursday September 11, 9:48 am ET
By Joe Bel Bruno, AP Business Writer
After unveiling its rescue plan, Lehman Brothers shares tumble amid doubts about surivival

NEW YORK (AP) -- Lehman Brothers Holdings Inc.'s rescue plan got a dismal reception from Wall Street on Thursday, with shares of the battered bank plunging about 40 percent.

The stock price unraveled in early trading after analyst reports cast doubt that the nation's fourth-largest investment bank can survive.



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7 years

7 years ago, many innocent people employed by the pentagon, financial companies, and people riding airliners were murdered in a symbolic attack on the American military and financial centers. As citizens we took it as an attack on our home and encouraged the government to retaliate however it chose.

7 years later, we live with an unaccountable secret government unhinged from the constitution and an unaccountable unhinged financial system that has made incredible profits in using the hapless citizens dreams of the american way of life to help finance an unaccountable unhinged secret military run amock.

7 years later we certainly understand much better the motivations of our foreign enemies that day, while still abhorring their damnable tactics that clear day...and have a very unsettling inkling of who our domestic enemies really are, if we have the eyes to see 7 years after the dust has settled.

down, Lehman. Pull it!

Apple (AAPL) - still diving....

double top formation, and it has broken under it's 50 and 200 moving averages....
weekly chart...
http://finance.yahoo.com/q/ta?s=AAPL&t=2y&l=on&z=m&q=c&p=b,m...

2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.

Paulson "adamant" no goverment funds for Lehman

http://biz.yahoo.com/rb/080912/lehman_treasury.html

2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.

Lehman Brothers shares resume decline as it seeks buyers, confid

http://biz.yahoo.com/ap/080912/lehman_brothers.html

2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.

LEH WM MER

By Monday both Lehman and Washington Mutual may have different owners.

Check out Merrill Lynch:
http://finance.yahoo.com/q/ta?s=MER&t=my&l=on&z=m&q=b&p=&a=v&c=

Quarterly account statements will be sent in October. Expect some pissed off people when they learn their mutual funds were in this junk.

Bankers say Lehman approaching rivals for lifeline

http://biz.yahoo.com/ap/080911/lehman_brothers.html

Lehman approaching rivals for possible sale of all or part of the firm, bankers say

NEW YORK (AP) -- Lehman Brothers has approached other major financial institutions about a potential acquisition or investment in the battered securities firm, people close to the situation said Thursday.

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The nation's No. 4 investment bank has been casting a wide net to find a potential buyer for all or part of the 158-year-old firm, bankers and executives at other financial companies said Thursday.

2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.

taxpayers will proabably pay for this

BTW Lehaman was the financial start & supporter for Halliburton~

With this resistance

I will be very happy to close below 11

anyone from New York...

let us know when people start jumping out of windows...please...

2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.

everyone

Everyone check your mutual funds as they may be holding these shares.
If you have a retirement, check if they own financials.

The pain is going to ripple across America. Either immediately through bankruptcy, or delayed when these firms are bailed out by us.

Maybe that's not the best

Maybe that's not the best thing to say on the anniversary of 9/11.

nieither is the story above...

"Lehman plunges..."

2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.

JP Morgan

If Morgan is holding any Lehman credit default swaps, like they were holding Bear Stearn's, the Fed will be turning on the spiqot to rescue them real soon.

Dow is tanking. Will it

Dow is tanking. Will it break 11,000 to the downside soon?

People tend to lose jobs before Dow rises

Be careful what you wish for.

middle of next week we will know...

friday will be a nothing day as usual...which will give the Fed the weekend to try to figure out this mess...i figure this weekend might be the time to load up on silver and gold...for if the fed opens the window for Lehman...and starts accelerates their printing presses.......i just do not know how much longer the manipulators can hold it together...

2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.

We will see a strong strong

We will see a strong strong dollar if we can get the Dow to go below 10,000.

Of course the statement I just made is directly opposite of what should be, but what do you wanna bet we will be hearing how strong the dollar is all the way down.

Thank you Dr. Paul for making my act on what I already knew was right.

*May the only ones to touch your junk, be the ones you want to touch your junk.*

You're Probably Right

After all, we have fallen down the rabbit hole.

yes...but if the Dow goes down to give a strong dollar...

the dollar will follow suit...

2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.