Comments on: Talks continue over fate of Lehman Brothers, Fed continues to say they won’t bail them out http://blogofbile.com/2008/09/14/talks-continue-over-fate-of-lehman-brothers-fed-continues-to-say-they-wont-bail-them-out/ from the bowels of the mind Wed, 07 Jan 2009 19:56:08 +0000 http://wordpress.org/?v=2.6.5 By: bile http://blogofbile.com/2008/09/14/talks-continue-over-fate-of-lehman-brothers-fed-continues-to-say-they-wont-bail-them-out/#comment-2678 bile Mon, 15 Sep 2008 02:32:04 +0000 http://blogofbile.com/?p=2048#comment-2678 As I understood it they more or less did that a few years ago. You can have just about anything as collateral it seems. Which in some respects makes sense but in an open market different collateral would have different weights based on risk. I doubt the Fed does much of that... but perhaps I'm wrong. It's difficult to know exactly what's going on up their and they are never really audited so likely we never will. As I understood it they more or less did that a few years ago. You can have just about anything as collateral it seems. Which in some respects makes sense but in an open market different collateral would have different weights based on risk. I doubt the Fed does much of that… but perhaps I’m wrong. It’s difficult to know exactly what’s going on up their and they are never really audited so likely we never will.

]]> By: beetlbumjl http://blogofbile.com/2008/09/14/talks-continue-over-fate-of-lehman-brothers-fed-continues-to-say-they-wont-bail-them-out/#comment-2677 beetlbumjl Mon, 15 Sep 2008 02:13:42 +0000 http://blogofbile.com/?p=2048#comment-2677 More <a href="http://online.wsj.com/article/SB122143939332934501.html?mod=special_coverage" rel="nofollow">offtopic</a>.  Apparently the FED will be accepting equities (say like MER stock?) as collateral.  Dominoes are certainly falling with increased pace. More offtopic.  Apparently the FED will be accepting equities (say like MER stock?) as collateral.  Dominoes are certainly falling with increased pace.

]]> By: bile http://blogofbile.com/2008/09/14/talks-continue-over-fate-of-lehman-brothers-fed-continues-to-say-they-wont-bail-them-out/#comment-2676 bile Mon, 15 Sep 2008 00:59:11 +0000 http://blogofbile.com/?p=2048#comment-2676 Kinda off topic = new blog post I hadn't heard of that either. I'm in no way surprised. Kinda off topic = new blog post

I hadn’t heard of that either. I’m in no way surprised.

]]> By: beetlbumjl http://blogofbile.com/2008/09/14/talks-continue-over-fate-of-lehman-brothers-fed-continues-to-say-they-wont-bail-them-out/#comment-2675 beetlbumjl Mon, 15 Sep 2008 00:49:48 +0000 http://blogofbile.com/?p=2048#comment-2675 Kinda off topic, but I did not realize <a href="http://seekingalpha.com/article/95129-fdic-insurance-fund-it-doesn-t-actually-exist" rel="nofollow">this</a>.  So when more savings banks go tits up and the FDIC needs to start repaying accounts...  the money  will ultimately come from the general tax fund?  (Ie, the very same people who hold these accounts?) Kinda off topic, but I did not realize this.  So when more savings banks go tits up and the FDIC needs to start repaying accounts…  the money  will ultimately come from the general tax fund?  (Ie, the very same people who hold these accounts?)

]]> By: beetlbumjl http://blogofbile.com/2008/09/14/talks-continue-over-fate-of-lehman-brothers-fed-continues-to-say-they-wont-bail-them-out/#comment-2673 beetlbumjl Sun, 14 Sep 2008 21:29:20 +0000 http://blogofbile.com/?p=2048#comment-2673 The longer they fight it, the longer and bloodier this "once in a century" crisis becomes.  Also, Greenspan has some gall calling it that since he was the architect behind this house of cards.  Monday ought to be interesting indeed. The longer they fight it, the longer and bloodier this “once in a century” crisis becomes.  Also, Greenspan has some gall calling it that since he was the architect behind this house of cards.  Monday ought to be interesting indeed.

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