Comments on: Lehman posts Jumbo $3B Loss; To Raise $6B http://www.ritholtz.com/blog/2008/06/lehman-posts-jumbo-3b-loss-to-raise-6b/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 21 Nov 2009 19:53:21 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Darin http://www.ritholtz.com/blog/2008/06/lehman-posts-jumbo-3b-loss-to-raise-6b/comment-page-1/#comment-90079 Darin Tue, 10 Jun 2008 07:34:15 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/06/lehman-posts-jumbo-3b-loss-to-raise-6b/#comment-90079 The problem is that banks have been reporting negative core assets since Feb of this year and the FED has finally decided that the crisis has abated. We need Lehman to go under and at least one more to merge before we will know we have hit bottom. I give it another 18 months. $1 Trillion is a very modest estimate of losses. Just look at derivatives... The problem is that banks have been reporting negative core assets since Feb of this year and the FED has finally decided that the crisis has abated. We need Lehman to go under and at least one more to merge before we will know we have hit bottom. I give it another 18 months. $1 Trillion is a very modest estimate of losses. Just look at derivatives…

]]> By: Fredex http://www.ritholtz.com/blog/2008/06/lehman-posts-jumbo-3b-loss-to-raise-6b/comment-page-1/#comment-90078 Fredex Mon, 09 Jun 2008 17:38:58 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/06/lehman-posts-jumbo-3b-loss-to-raise-6b/#comment-90078 Shorter Lehman: "I'm not dead yet!" Shorter Lehman: “I’m not dead yet!”

]]> By: michael schumacher http://www.ritholtz.com/blog/2008/06/lehman-posts-jumbo-3b-loss-to-raise-6b/comment-page-1/#comment-90077 michael schumacher Mon, 09 Jun 2008 16:45:33 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/06/lehman-posts-jumbo-3b-loss-to-raise-6b/#comment-90077 sorry should have said scorpio....not that Steve's should be ignored though.. Ciao MS sorry should have said scorpio….not that Steve’s should be ignored though..

Ciao
MS

]]> By: michael schumacher http://www.ritholtz.com/blog/2008/06/lehman-posts-jumbo-3b-loss-to-raise-6b/comment-page-1/#comment-90076 michael schumacher Mon, 09 Jun 2008 16:44:11 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/06/lehman-posts-jumbo-3b-loss-to-raise-6b/#comment-90076 If the "buyer" is still unnamed then I have to subscribe to Steve's posit above. Anyone buying this sack 'o' crap without as much as a single public disclosure has to be the biggest schmuck going..... Since they've washed out the June puts, that everyone and there brother has, this race to the bottom will continue after next week's option expiry....Love how the stock goes down 9% and even long dated puts tumble as much as 8%.....that's ok I have more time than LEH's balance sheet does... Ciao MS If the “buyer” is still unnamed then I have to subscribe to Steve’s posit above.

Anyone buying this sack ‘o’ crap without as much as a single public disclosure has to be the biggest schmuck going…..

Since they’ve washed out the June puts, that everyone and there brother has, this race to the bottom will continue after next week’s option expiry….Love how the stock goes down 9% and even long dated puts tumble as much as 8%…..that’s ok I have more time than LEH’s balance sheet does…

Ciao
MS

]]> By: scorpio http://www.ritholtz.com/blog/2008/06/lehman-posts-jumbo-3b-loss-to-raise-6b/comment-page-1/#comment-90075 scorpio Mon, 09 Jun 2008 14:31:14 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/06/lehman-posts-jumbo-3b-loss-to-raise-6b/#comment-90075 i know the thread has moved on but i cant let this go. how can anyone w even a modest regard for their capital invest $6 B in a company that wont take questions on a conf call? people. when you find out that your manager has bot these shares, pls sell your fund. unbelievable. i hope the names are publicized tomorrow i know the thread has moved on but i cant let this go. how can anyone w even a modest regard for their capital invest $6 B in a company that wont take questions on a conf call? people. when you find out that your manager has bot these shares, pls sell your fund. unbelievable. i hope the names are publicized tomorrow

]]> By: steve http://www.ritholtz.com/blog/2008/06/lehman-posts-jumbo-3b-loss-to-raise-6b/comment-page-1/#comment-90074 steve Mon, 09 Jun 2008 13:35:56 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/06/lehman-posts-jumbo-3b-loss-to-raise-6b/#comment-90074 Let's see,,, Einhorn mentioned the 30b in raw land that LEH has,,, & the WSJ just reported LandSource is in chap 11, because land has fallen by 30%.... so that 30b is more like 21b... LEH took 700m,,, that leaves another 8.3b writedown... Let’s see,,, Einhorn mentioned the 30b in raw land that LEH has,,, & the WSJ just reported LandSource is in chap 11, because land has fallen by 30%…. so that 30b is more like 21b… LEH took 700m,,, that leaves another 8.3b writedown…

]]> By: larster http://www.ritholtz.com/blog/2008/06/lehman-posts-jumbo-3b-loss-to-raise-6b/comment-page-1/#comment-90073 larster Mon, 09 Jun 2008 13:26:23 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/06/lehman-posts-jumbo-3b-loss-to-raise-6b/#comment-90073 It's about time for Paulson to jump in and state that the crisis has been contained, further shredding his reputation. It’s about time for Paulson to jump in and state that the crisis has been contained, further shredding his reputation.

]]> By: AndyS http://www.ritholtz.com/blog/2008/06/lehman-posts-jumbo-3b-loss-to-raise-6b/comment-page-1/#comment-90072 AndyS Mon, 09 Jun 2008 13:15:42 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/06/lehman-posts-jumbo-3b-loss-to-raise-6b/#comment-90072 Man...it's going to be blood on the streets again today. The financial sector is a total basket case! Here comes the second Fed bailout by printing more money.... Man…it’s going to be blood on the streets again today. The financial sector is a total basket case! Here comes the second Fed bailout by printing more money….

]]> By: scorpio http://www.ritholtz.com/blog/2008/06/lehman-posts-jumbo-3b-loss-to-raise-6b/comment-page-1/#comment-90071 scorpio Mon, 09 Jun 2008 13:14:31 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/06/lehman-posts-jumbo-3b-loss-to-raise-6b/#comment-90071 sorry, just occurred to me who the oversubscribed buyer is in LEH's case. who else would inject fantastic sums into historically over-levered financial schemes without asking any basic information or even waiting for a conf call? the Fed, of course. good job Ben! you mullett sorry, just occurred to me who the oversubscribed buyer is in LEH’s case. who else would inject fantastic sums into historically over-levered financial schemes without asking any basic information or even waiting for a conf call? the Fed, of course. good job Ben! you mullett

]]> By: cinefoz http://www.ritholtz.com/blog/2008/06/lehman-posts-jumbo-3b-loss-to-raise-6b/comment-page-1/#comment-90070 cinefoz Mon, 09 Jun 2008 13:03:50 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/06/lehman-posts-jumbo-3b-loss-to-raise-6b/#comment-90070 Based on what I read on Business Week's site today about how investment banks have been gaming the oil business because of regulatory changes in 2000 that permitted at least some of manipulation, I suspect that GS and others will have similar stories written about them in six months or so because of oil instead of real estate. It looks like Congress is going to make them eat their own shit. Even the Bush CFTC might take action ... it looks like they are at least proffering the appearance of action. BW explains the environment and touches on the techniques. Based on what I read on Business Week’s site today about how investment banks have been gaming the oil business because of regulatory changes in 2000 that permitted at least some of manipulation, I suspect that GS and others will have similar stories written about them in six months or so because of oil instead of real estate. It looks like Congress is going to make them eat their own shit. Even the Bush CFTC might take action … it looks like they are at least proffering the appearance of action. BW explains the environment and touches on the techniques.

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