From the Wall Street Journal: "The Federal Reserve Bank of New York held an emergency meeting Friday night with top Wall Street executives to discuss the future of venerable firm Lehman Brothers Holdings Inc. and the parlous state of U.S. financial markets.
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In attendance from were government officials, including New York Fed President Timothy Geithner, Mr. Paulson and Securities and Exchange Commission Chairman Christopher Cox. The Wall Street executives included Morgan Stanley Chief Executive John Mack, Merrill Lynch Chief Executive John Thain, J.P. Morgan Chase CEO Jamie Dimon, Goldman Sachs Group CEO Lloyd Blankfein, Citigroup Inc. head Vikram Pandit and representatives from the Royal Bank of Scotland Group PLC and Bank of New York Mellon Corp., among others."
Lex Luthor presiding over the meeting.
I presume that watch has a pulse and blood pressure monitor in it. Else there's no other possible reason for that gent to have such a monster on his wrist
ReplyDeleteAnd Barclays pulls out, the BBC reports, leaving Lehman to go into administration.
ReplyDeleteYep, tomorrow will be interesting with Lehman filing for bankruptcy protection, Merill Lynch being purchased, and AIG looking for a loan. Cosmic.
ReplyDeleteI'm following the situation at CalculatedRisk.blogspot.com.
Important update here: http://xkcd.com/476/
ReplyDeleteI have no idea what you two are talking about.
ReplyDeleteBasically a bunch of rich guys got even richer by selling out America. At least the dollar didn't depreciate any further or I might be trading my two chickens for your sack of wheat.
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ReplyDeleteI don't need any wheat Ninquelote, but do you have some sheep?
ReplyDeleteI'll trade you two ore for some bankruptcy protection.
ReplyDeleteYou are all going to have to just give AIG about 2 sheep each.
ReplyDeleteAt least we still have the Largest Army.
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