Lehman Brothers

[Dulwich_ Park_ Fairy]

thsts a surprise - I post something that I think in hindsight will get be cyber lynched,and someone agrees....

Wrong bait, everyone in the city hates them and BNP Paribas the most.

[snorky]

I know - maybe I should post my anti Goldmans bile spattered bait on the Dulwich village forum

[Dulwich_ Park_ Fairy]

Does Holland Park have a forum?

[indiepanda]

AcedOut Wrote:

-------------------------------------------------------

> macker - No mention of JP Morgan, Citigroup,

> Barclays? They all have large IB operations too.

>

> As for size - it depends on how you measure it.

> Capitalisation, employees, revenue, profit?

From what I have read I think they are considered to be much more sound than the pure investment banks because they have a solid base of retail deposits too.

Goldmans and Morgan Stanley seem to be considered to have been more cautious than Lehmans, so may yet survive.

[snorky]

This is indeed somewhat corrct - the less ambitious banks that concentrate on day to day bread & butter biz will always have a place - safest bank in the UK at the minute ?

the Co-op

Its not very glam,but has a conscience and you may do some good by hoying yer ill gotten gains in there

[SteveT]

I wonder if that's what bought Tivoli Amusements down?

Another capitalistic icon of greed and avarice, being brought down by reckless gambling

of the clients money.

[candj]

The Federal Reserve have given a $85 billion loan to AIG. I suppose the problem with AIG going under is the fact that it is an insurance company and would effect millions of insurance policies.

With regards to all the anti-Goldman Sachs sentiment - you don't want to see any bank go under as it has far reaching ramifications well beyond the smug 30,000 people it would leave unemployed.

[Tony.London Suburbs]

Floating Onion Wrote:

American Internation Group, insurance, not investment banking. They should be ok for now,

but if they went the knock on effects would be huge.

Indeed! They are the logo on Man United's kit!

No logo= No Sponsor. No Sponsor-No Funds.

No Funds-eventual relegation and ultimately bankrupty.

No Man United-English Premiership rapidly goes downhill.

Other Clubs naturally fold due to lack of interest-whole pack of Clubs forced to closed and finally the whole League shuts down after 140 years.

Nation in uproar.Riots ensue in the street.

Houses of Parliament and 10.Downing Street burned down.

Anarchy in THe UK.

Sex Pistols,thus,have no option but to reform to restore a semblance of order with Johny Rotten becoming Prime Minister and Sid Vicious becoming Chancellor Of The Exchequer from beyond the grave....and all because of bleedin' A.I.G.:X

[Jeremy]

True, most people in the city have some degree of contempt for Goldmans as an organisation... but still, same applies as with Lehmans. The majority of the employees are not high earning traders, a lot of them are on a fairly ordinary income, and I don't believe people *really* want to see others out of work... anyway, they're still actually making a profit as far as I know, so it's a moot point.

[SteveT]

The fat cats have been living

high on the hog far too long,

now the pigeons are coming home to roost,

as the wolves and jackals circle the remains of Bankruptcy Castle.

I may apply for David Attenborough's job.

[Ladygooner]

Latest news HBOS in merger talks with Lloyds - perhaps we will just end up with one large organisation called "The Bank"!

[AcedOut]

I completely disagree with the comments about Goldman. They are just exceptionally good at what they do and truly have the best talent working there. I can say that fairly good authority. They have been hit also (profits down 70%), but had the hindsight to take a big bet against credit spreads before the big collapse. They are typically highly regarded by their competitors. However, in this climate, anything can happen, so no IB is safe at the moment.

What we may see now though is the remaining IB-only banks merging with retail banks, such that they can offer lending facilities and more diversification.

As for insurance companies - disaster will strike if the monoline's go under or get downgraded. These are the insurance companies that back many of the financial contracts.

[SeanMacGabhann]

I see it the other way Aced...It was the repeal of the Glass-Steagall act in 99(?) which allowed retail and investment banks to exist in the same corporation, that has partly led us to where we are today. I can see banks being forced to choose to be one or the other

[SteveT]

We will only be able to keep 35K in there........

Buy premium bonds. Co-Op.

An organisation called 'bank'

we new was a load of old w*nk

with lloyds and hbossers

'n lots of old t*sser's

they all deserve a good spank

[mockney piers]

Your meter falls apart a bit now that it's lloyds-tsb i'm afraid.

[SteveT]

They are gathering together to try to maintain confidence, as if collectively they all seem a sound proposition.

It smacks of Lloyds insurers folding like a pack of cards a few years ago.

Altogether now "There's no business like no business tra la la la la"

[mockney piers]

When did lloyds fold like a pack of cards again?

I'm afraid that without the insurance business your holiday rum stolen by Miami airport baggage handlers ain't getting replaced, noone would risk shipping all that precious oil, gas and food to Britain and you couldn't legally drive your car and absolutely noone could fly stranded XL passengers home, so not sure why the thought of AIG going tits up or lloyds 'folding' would be so welcome.

Plus, if you fold your cards doesn't that make them really hard to deal or to get back in the box?

[AcedOut]

My poker playing days have taught me to fold more!

[mockney piers]

I've no issue with folding a bad hand, or even falling like a house of cards, just why would you go about folding a pack of them?! Except when you keep losing and you want to spoil everyone's fun.

I've done the same with monopoly boards in the past, that's for sure.

[Moos]

Barcap put in an offer yesterday, so perhaps something will be saved. Although I'd guess most of Snorky's clerical 9-5ers won't be top of the list.

Also, Credit Suisse has created an open forum for all Lehman's staff to walk in and drop off CVs, and if taken on they'll be guaranteed the same salary as before and 75% of last year's bonus. Clever cherry-picking.

AcedOut, not sure if someone's got to this already but I think macker meant institutions that are IBs only.

[Tony.London Suburbs]

SteveT Wrote:

- They are gathering together to try to maintain

> confidence, as if collectively they all seem a

> sound proposition.>

> It smacks of Lloyds insurers folding like a pack

> of cards a few years ago.

I hope you don't mind constructive criticism SteveT but this is not one of your better efforts.

It barely rhymes at all,quite frankly.:(

[macroban]

Next HSBC takes B&B?

[AcedOut]

LloydsTSB & HBOS

[AllforNun]

were there two of them or more ? Brothers i mean ?

[Jeremy]

Three.