Lehman Brothers To File For Bankruptcy; Bank Of America To Buy Merrill Lynch; AIG Seeks $40 Billion Fed Bridge Loan
Lehman Brothers to file for bankruptcy after suitors drop out; Bank of America to buy Merrill Lynch for $50 Billion all-stock deal; AIG seeks $40 Billion Fed loan, New York Times says;
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17 Responses to “Lehman Brothers To File For Bankruptcy; Bank Of America To Buy Merrill Lynch; AIG Seeks $40 Billion Fed Bridge Loan”
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when i seen that … when i seen that lady talking on the phone that reminds so much of what i do for a living. she's probably calling every fund manager and hedge funds in the usa and trying to convince them the buy some stuff, probably offloading some debt or equity, its a tough job
I encourage … I encourage everyone to read "History of Money and Banking in the US" by Murray Rothbard. It details the US development of fractional reserve banking and from the gold coin to gold standards to fiat currency (thanks Lincoln and Salmon Chase) and the massive inflation and economic implosion under our 3 prior central banks. It also explains how the Govt and banking/business elite class profited while the public suffered. Sanity and the free market returned when the Gold coin standard returned.
Let me get this … Let me get this real straight. The banking industry is now owned by the Central Banking families ($85 Bil for 79.9% of AIG's assets alone). The auto industry now owned by the Central Banking families ($51 Bil for Ford, GM, and Chrysler). Oil controlled straight through the Executive Branch. I don't think there's any mistake it is official, the USA is – what do you even call it – Fascistized, Internationalized, Stalin-ized. Get right with God and learn to garden, I say.
Oooh, you mean the … Oooh, you mean the dollar isn't worth anything? Um, yea! It hasn't been worth anything since they established the debt-based economy. Constant growth supported by constant consumption – now we're all fat, lazy slaves.
Back to trade-based economy where talent and resourcefulness win the day!!!
The Lehman Building … The Lehman Building is going to be converted either to a section 8 welfare housing complex or a mental institute for former bankers. The Federal Reserve is responsible for this. The Federal Reserve is unconstitutional and the Founding Fathers warned about ever allowing banks to control the American currency. These men are so evil they make Darth Vader look like a Boy Scout.
You gotta wonder … You gotta wonder how BoA is absorbing Merrill, while it's parent, AIG is lobbying for bailout money.
I just looked around me. Way too many of my fellow passengers on the "Sunrise Sufferbus" are truly Bozos! And, I'm riding along with our most "respected" leaders!
BTW, our beloved Dr. Paul has been preaching this sermon since his first term in Congress, nearly 40 years ago. In other news, the Reverend was Wright after all. America's chickens have truly "come home to roost".
OMG!! GOOD ONE!! … OMG!! GOOD ONE!! Palin is a psycho!! Check her political policy out!! Definitely down the tubes with her near the Oval office!! She has a terrible track record as a "Public Servant"!! Peace2U!! Hand writing is on the wall folks!!
what's going on is … what's going on is all by design. Look back to 1909. Banks failed on Morgan propped, Morgan founded Council on Foreign Relations buzz that caused run on banks. Publicly held gold confiscated by 1913. It's not the FED, or Treasury. It's the Central banking families. The culling and redistribution of wealth assets and proprietal assets. Peace2U!! More to come!!
Whooopee, get that … Whooopee, get that hatchet ready. its survival gear under the new world order.
Peace and Love
goon one, bro.
goon one, bro. 
yea… isnt that … yea… isnt that nice…
its nice…
Oh great! And "We … Oh great! And "We The People" are the co-signers on all these loans without "our" approval.
The poor bankers … The poor bankers they lost billions of dollars that weren't even their to begin with and they need more money to give to their rich friends. Oh the humanity!
and the fed WILL do … and the fed WILL do it.
cause the fed is giving away paper money.
and they all know everything is about to go in the shi*tter, this is their last whoopee!
we already asked … we already asked the IMF to bail us all out, heard it on NPR at 4:00 AM central, BBC covers american finance better than all our "news" networks. ask a british citizen if that's something to be proud of. all I hear is Ron Paul warned us, sheep didn't listen, mccains economic advisor is a lobbyist for a giant bank, and obama is taking money in from the same people mccain is, not to mention his voting FOR FISA got his convention a pretty decked out party paid for by AT&T.
Bush, McCain and … Bush, McCain and his cronies have driven America off the cliff. Best of luck America trying to get out of this mess. Home prices will fall further, employment will go down further and GDP will crash. After all this, McCain has the audacity to run on the basis of fight, war, victory etc etc. He needs to get his head checked. And his ignorant vice-president nominee who, I am sure, cannot even spell "Economy"!!
cool cool