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lehmann [sic] bank is scary

(316 Posts)
zippitippitoes Sun 14-Sep-08 22:03:45

..oh dear

policywonk Sun 14-Sep-08 22:04:46

<stuffs very small mattress with money>

zippitippitoes Sun 14-Sep-08 22:06:21

stuffs house with people

Piffle Sun 14-Sep-08 22:08:41

Not good
V worrying imo

littlelapin Sun 14-Sep-08 22:14:09

Message withdrawn at poster's request.

dinny Sun 14-Sep-08 22:14:48

terrifying what Greenspan said
hang on...

zippitippitoes Sun 14-Sep-08 22:16:49

i just think what is round the corner

these institutions now dont reveal until the too late

dinny Sun 14-Sep-08 22:17:10

"First of all, let's recognise that this [the financial crisis] is a once-in-a-half-century, probably once-in-a-century type of event... There's no question that this is in the process of outstripping anything I've seen, and it still is not resolved and it still has a way to go."

Former Federal Reserve chief Alan Greenspan

zippitippitoes Sun 14-Sep-08 22:18:24

i think perhaps we are looking at an apochalyptic deporesion like the 30s

WinkyWinkola Sun 14-Sep-08 22:20:23

What can be done to ameliorate matters? I've not heard too much about this from politicians. But I'm speaking from the POV of an economic ignoramus.

There was the New Deal in the '30's, wasn't there? Did that make any difference?

dinny Sun 14-Sep-08 22:20:40

yeah, Zippi, my dh has been saying the same for yonks - depressingly

zippitippitoes Sun 14-Sep-08 22:23:06

ah well i was a naysayer based on available info but i think there is much not known/hidden/deceptive

dinny Sun 14-Sep-08 22:25:32

"THE GOVERNOR of the Bank of England, Mervyn King, has privately warned Downing Street that he will resign if Gordon Brown directs the bank to become the key agency in a state-backed mortgage guarantee system."

binkythebullet Sun 14-Sep-08 22:26:54

<worried face>

Aero Sun 14-Sep-08 22:28:10

Dh works for Lehmans. He's feeling very sick right now (just seen news). He doesn't know if the doors will be open in the morning. I feel sick.

zippitippitoes Sun 14-Sep-08 22:30:36

if youy want to look upit is lehman

aero sad

i think there is a lot going to come

dinny Sun 14-Sep-08 22:31:41

oh dear, Aero, so sorry to hear this

binkythebullet Sun 14-Sep-08 22:32:12

aero sad

zippitippitoes Sun 14-Sep-08 22:33:40

obviously i realise aero knows how it is spelt just pointing out minwe was wrong

Piffle Sun 14-Sep-08 22:34:25

we investigated 12mths ago and shed debt pronto. in fear. <wooses>
So now have good equity and affordable mortage and no other debt
But still nervous
Worried for FIL as he has Investments major ones which are threatened.

Carmenere Sun 14-Sep-08 22:34:30

fingers crossed for you Aero x

Piffle Sun 14-Sep-08 22:35:16

oh aero :~<

Califrau Sun 14-Sep-08 22:36:54

Message withdrawn at poster's request.

Aero Sun 14-Sep-08 22:37:35

Can't see us getting much sleep tonight.

dinny Sun 14-Sep-08 22:39:25

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