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Posts related to ‘Leh’

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AIG (AIG) Down 70%, Ready To Fold

Posted: September 15, 2008 at 10:30 am

AIG (AIG) plans to sell its auto insurance unit, annuity operations, and aircraft leasing division. It sounds a lot like Lehman's (LEH) plan to spin-off its commercial real estate pool ...
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Major Financials Crushing Their Own Stocks (MER, BAC, LEH, AIG, C, WM, MS, GS)

Posted: September 15, 2008 at 8:05 am

Covering financial stocks this morning looks a bit like an assassination happening live on television.  Futures are being pulled sharply lower by the financial stocks melting down.  We are going ...
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Aig

Can AIG (AIG) Pay Back $40 Billion? Not Likely

Posted: September 15, 2008 at 5:10 am

AIG (AIG) may lose over $20 billion for the trailing four quarters ending with the current period. It says the unprecedented credit crisis bought on by the failure of Lehman ...
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Lehman_logo

A Farmer’s And Truck Driver’s Guide To Lehman’s (LEH) Failure

Posted: September 15, 2008 at 4:04 am

Lehman (LEH) says it will go into Chapter 11. Richard Fuld, the company's CEO, will almost certainly end up being loathed more than the heads of Drexel, Long-Term Capital Management, ...
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US Financials Trading in Europe: Huge Sell-Off, LEH Down 84%

Posted: September 15, 2008 at 2:48 am

Shares of Lehman (LEH) were off 84% in European trading.Bank of America (BAC) was down 14%.UBS (UBS) shares fell 7% at the open.Douglas A. McIntyre ...
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Newspaper

Media Digest 9/15/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: September 15, 2008 at 2:27 am

According to Reuters, Lehman (LEH) will seek Chapter 11 protection.Reuters reports that Bank of America (BAC) will buy Merrill Lynch (MER) for $50 billion.Reuters reports that AIG (AIG) is facing ...
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Lehman (LEH) Announces Bankrutcy Filing

Posted: September 15, 2008 at 12:08 am

Lehman (LEH) announced it would go bankrupt.Its broker dealer unit and investment unit will not file.Douglas A. McIntyre ...
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Paulson Gloats

Posted: September 14, 2008 at 9:59 pm

No one likes a sore loser and there will be plenty of those among the executives at banks and brokerage firms that will fail or be sold.A gloating winner is ...
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Merrill Lynch (MER), Sucked Under By Crisis, Is Ruined By The Value Of One Home

Posted: September 14, 2008 at 9:38 pm

Merrill Lynch (MER) is gone, sold to Bank of America (BAC) for $44 billion. That is $29 a share, well below its 52-week high of $79, but above the $17 ...
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Merrill_3

Merrill Lynch (MER) Board May Be About To Approve Bank Of America (BAC) Takeover

Posted: September 14, 2008 at 6:25 pm

The Wall Street Journal is reporting that the board of Merrill Lynch (MER) is meeting to approve a $29 a share takeover offer from Bank of America (BAC).If the deal ...
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Fed

Big Banks Work On Slush Fund To Save Smaller Firms

Posted: September 14, 2008 at 6:17 pm

Several of the world's largest banks on working on assembling a $50 billion fund to offer capital to weaker financial companies as firms like Lehman (LEH), Merrill Lynch (MER), and ...
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New York Times Reports Lehman (LEH) Will Go Bankrupt

Posted: September 14, 2008 at 6:03 pm

The New York Times is reporting that Lehman (LEH) will file for bankruptcy protection tonight.The paper writes that "Lehman will seek to place its parent company, Lehman Brothers Holdings, into ...
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Merrill_2

Bank Of America (BAC) To Buy Merrill Lynch (MER) For $26 A Share?

Posted: September 14, 2008 at 5:59 pm

The latest rumor in the swirl of news around the probable failure of Lehman (LEH) is that Bank of America (BAC) will buy Merrill Lynch for $26 a share. The ...
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House

Pimco’s Gross Sees Market Meltdown

Posted: September 14, 2008 at 5:20 pm

Bond king Bill Gross of Pimco believes that a failure of Lehman (LEH) will lead to "the risk of an immediate tsunami.. related to the unwind of derivative and swap-related ...
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Merrill

Bank Of America (BAC) In Talks To Buy Merrill Lynch (MER)

Posted: September 14, 2008 at 3:18 pm

Convinced that a Lehman (LEH) Chapter 11 could cause huge losses for other large financial institutions, the weakest players have become desperate to find partners or buyers. According to The ...
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