This was surprisingly excellent video on CNBC this AM:
Bryan Marsal, CEO of Lehman Brothers Holdings, has been unwinding Lehman Brothers since the firm’s historic collapse. He discusses the process with CNBC.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Q: Why do Economists provide estimates of inflation to the nearest tenth of a percent? A: To prove they have a sense of humour.
"The Greek offer is not sufficient and they have to go away to come up with a revised plan," said a spokesman for the German Finance Ministry. The Greeks must first have a plan that satisfies the Germans which this comment states they clearly don't yet and then the Greek Parliament will vote on it this weekend. This said, whatever package gets voted on in Greece is basically an up or down vote on euro membership so we are entering another uncertain weekend for global markets. A failed vote will likely lead to a hard default which may be what...
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July 6th, 2009 at 1:02 pm
That was very good. I especially liked his comment about how we are treating overleveraged banks right now… the “extend and pretend” phase…
July 6th, 2009 at 1:52 pm
“then send in the keys…”
They got real quiet at the end. Sobering stuff…even for the CNBC cheerleaders.
I’m thinking there might be a few hairs on fire at GS/FED to start off the week.
That makes me happy.
July 6th, 2009 at 11:48 pm
Heh….I thought this video would attract a lot of comments.
Holiday.
http://www.youtube.com/watch?v=n4PSju9HYwU
July 7th, 2009 at 12:23 am
BR: I agree, this was one of the best interviews CNBC has ever put together! I was particularly struck by two comments from Mr. Marsal: his comment that there was “no due process today” (around the 8:50 mark) and later when he talked about the Fed having the window open to possibly save Lehman (around the 15:00 mark). Great stuff was in that interview and thanks for sharing.
July 7th, 2009 at 7:04 am
[...] Bryan Marsal, CEO of Lehman Brothers Holdings yesterday, now Rosie. Kudos to Squawk Box for 2 consecutive days in a row of quality [...]
July 7th, 2009 at 8:36 am
Wow, CNBC still has a few good bits left in it.