tag:blogger.com,1999:blog-6492542366661862113.post9092470156220928821..comments2023-10-31T01:32:09.169-07:00Comments on The Housing Time Bomb: Tapped Consumer/LehmanJeffhttp://www.blogger.com/profile/04450070920047311928noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6492542366661862113.post-41734152118124188822008-09-13T10:51:00.000-07:002008-09-13T10:51:00.000-07:00Great points guys. Minton transparency is a must ...Great points guys. Minton transparency is a must here. Well said.<BR/><BR/>I am away this weekend so it will be quiet on here.<BR/><BR/>I agree that the arrogance of the pigmen is out of control. Its like they have to be told that the game is over but yet they refuse to accept it.<BR/><BR/>I think investors are not even close to pricing in what has happened.<BR/><BR/>I think they are in as much denial as Wall St.Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-78369262855713723572008-09-12T19:46:00.000-07:002008-09-12T19:46:00.000-07:00MintonM, RE: "It's time for the guessing game to p...MintonM, RE: "It's time for the guessing game to pass and these companies (and the Fed) need to fess-up on what the hell is going on."<BR/><BR/>Wall Street is proving that they truly believe with all their might (ruby red slippers including) that<BR/>DeNial is only a big river in Africa.Avl Guyhttps://www.blogger.com/profile/12298355297869341807noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-70782834856951012482008-09-12T18:28:00.000-07:002008-09-12T18:28:00.000-07:00And then...http://ap.google.com/article/ALeqM5j12h...And then...<BR/><BR/>http://ap.google.com/article/ALeqM5j12hiaDX0-3jvsfNj247sUyBiqHgD935FRT80James Bhttps://www.blogger.com/profile/13052914767131527583noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-72574480604473243392008-09-12T16:43:00.000-07:002008-09-12T16:43:00.000-07:00I've spoken to a number of recruiters today and pe...I've spoken to a number of recruiters today and people who work at these banks and they're obviously shell-shocked. <BR/><BR/>Beyond the total lack of usefulness of folks like Dick Fuld, clearly there are thousands of people with families that will have problems (the piece by Reuters that showed Lehman payroll to be 3 times their net value is classic Reuters btw). <BR/><BR/>In your blog, in the six months I've read it, you've correctly positioned and predicted the markets. It's time for the guessing game to pass and these companies (and the Fed) need to fess-up on what the hell is going on. I think the gears need to shift to make this happen.<BR/><BR/>While I want private banks that have screwed up through fraud to fail, I want to see transparency, honestly, and a sense of good guidance to follow through in the aftermath.<BR/><BR/>Sadly, this looks like it ain't gonna happen....James Bhttps://www.blogger.com/profile/13052914767131527583noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-48773127410791361222008-09-12T10:14:00.000-07:002008-09-12T10:14:00.000-07:00Anyone notice the subtle word change over the last...Anyone notice the subtle word change over the last couple hours concerning Lehman and the Fed. This morning it was 'the Fed will not use govt funds.' Now it is 'the Fed should not use govt funds.' Maybe I am making too much out of this but I have seen two articles that seemed to have changed their wording. What's next 'the Fed might use govt funds.'Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-67169279392952351242008-09-12T09:39:00.000-07:002008-09-12T09:39:00.000-07:00I was shocked the consumer news didn't have more i...I was shocked the consumer news didn't have more impact, but it often seems that bad news on a Friday doesn't have nearly the same impact as a Monday.<BR/><BR/>I think at this point Lehman is being ignored by everybody - which is a good sign - so hopefully they can fold without the Bernanke getting all excited.<BR/><BR/>In many way the WAMU story is more concerning since - as you accurately point out - FDIC will be one more empty barrel is it collapses. Looks like another weekend of uncertainty is upon us!James Bhttps://www.blogger.com/profile/13052914767131527583noreply@blogger.com