进来学习一下
welcome!
your school apparently manages money really well.=)
[此贴子已经被作者于2008-9-12 18:11:25编辑过]
it's over. many commercial banks and financial institutions lost their investment in LEH preferred. there is a list somewhere with those victims i believe. not pretty.
嗯，我前几天看CNBC一个节目，一个老头写email进来说他和他老婆把pension都买的fannie or freddie's preferred stock,本来以为和买国库券没啥区别，现在咋办？
嗯，我前几天看CNBC一个节目，一个老头写email进来说他和他老婆把pension都买的fannie or freddie's preferred stock,本来以为和买国库券没啥区别，现在咋办？
好像存在银行的钱如果银行倒闭联邦会补偿10以下的损失，有这个说法吗？
1. Fuld could have tried to sell Neuberger earlier and that would have saved something for the common shareholders and maybe even the firm.
2. Almost all bank liquidity issues are caused by rumors and speculation, so one needs to ask what caused the rumors and speculation. The fact that Fuld tried to cover things up certainly didn't help.
3. One bad investment can kill the whole company; it has happened many times: LTC, Amaranth, etc. But it keeps happening coz that's the nature of this high leverage business. Rest of LEH may be pulled down by MBS/ABS people, but hey that's part of the game.
I guess I just don't have as high a regard for people on wall street. Not sure what makes LEH a GOOD investment bank. They are all the same IMHO, risk takers and speculators. I think they deserve the payoffs with that much risk, yet they have to stomach the downside too when the market goes the other direction.
LEH didn't have liquidity issues.
And why are you so bitter? Why all those hate? I wish you could give a little credit to the hard working people. Do you have any idea how large LEH's derivatives book is simply to keep many commercial banks business as usual? Do you have any idea how much liquidity LEH has provided? Do you have any idea how much risk LEH had taken in the LTCM crisis when their own firm was also in a vulnerable position? This is an old house with a lot of legacy and pride. Their leverage is far less than Fannie and Freddie's. They are not speculators.
LEH doesn't deserve it. Yes their marks on certain assets are too high but they still don't deserve it. The Fed could have helped hadn't Fannie or Freddie gone down because the Fed OWE LEH from the LTCM deal.
[此贴子已经被作者于2008-9-12 18:27:14编辑过]
不喜欢华尔街呀，不喜欢。当他们赚得多的离谱的时候多风光呀。 Agree with sassygirl. "They are all the same IMHO, risk takers and speculators." 政府救助最后不又是纳税人的钱吗？
[此贴子已经被作者于2008-9-12 19:15:12编辑过]
如果那个的回报比国债高，很显然是有区别的。
好像存在银行的钱如果银行倒闭联邦会补偿10以下的损失，有这个说法吗？
preferred stock 回报是肯定比bond高。本来2房发行的preferre stock都是AAA rating的。
FDIC insures deposit up $to 100,000
当他们赚得多的离谱的时候多风光呀。
that's associated with very high risk, as you are seeing today. so i would say, when they rise, that was fair. when they sink, that is also part of the game.
[此贴子已经被作者于2008-9-12 18:47:56编辑过]
不喜欢华尔街呀，不喜欢。
[此贴子已经被作者于2008-9-12 18:52:39编辑过]
welcome!
your school apparently manages money really well.=)
that's associated with very high risk, as you are seeing today. so i would say, when they rise, that was fair. when they sink, that is also part of the game.
话说回来，街上的工作是open的，你有这个能力自己也可以去做。wall street对资本市场和经济的贡献，大家也不能否认。
到底了
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