US bank Lehman Brothers bankruptcy: World KRACK?

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SixK
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by SixK » 19/09/08, 13:33

The stock market soars, petrol goes up, the euro goes down.

and Pernod Ricard takes on colors! :)

We are saved !! :)
Or the fall will only be harder! ;)

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martien007
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by martien007 » 19/09/08, 15:46

Day of madness on the Paris stock exchange, but it is perhaps only a start in the crisis:

Cercle Finance on 19/09/2008 13:04 p.m.

CAC40: the rules of the game change, takeovers explode!

(CircleFinance.com) - The CAC40 now shows + 7,28% (at 4.245Pts) ... this difference is now becoming an absolute historical reference since the previous largest increase, which dates back to March 14, 2003 was 'only' by + 7,25 %.

The London stock market breaks all records with + 8% but it is the Irish stock market which with up to + 25% increase in the morning beats all the records ever observed on a European stock exchange.
Investors are delighted to note that the FED and the United States Treasury do not shrink from any means (or any denial of the liberal principles that underpinned the US capitalist model) to ward off systemic risk ... but to achieve such scores, we need an ingredient 'in addition' to the nationalization of the losses of the banks which have committed the most follies on the derivatives of mortgage loans.

And it is the total suspension of short selling operations in Dublin on financial securities as well as on Wall Street on 800 securities related to the credit sector: this change in the rules of the game leaves sellers no other choice than to redeem themselves and the rise in the markets is therefore not only proportional to the relief of no longer having to fear bankruptcies in the immediate future, but also to the importance of the 'short' positions which are unwound on the market.

The CAC40 therefore jumped by + 7% at mid-session and successively returned above the threshold of 4000, 4100 then 4200 points with 100% of securities rising and an average increase in bank values ​​of + 15%.
They are truly the engine of the increase this Friday. Crédit Agricole takes the lead in the CAC 40 with a gain of 24% followed by Dexia which gains 22% then Axa wins 16% and Société Générale takes 15%, BNP Paribas is also celebrating with a gain of 13,7% .

Wall Street Yesterday evening and Asia this morning also warmly welcomed the plan of the American government. The Dow Jones jumped 3,86% while the Nasdaq climbed 4,78% (Wall Street is expected to rise further by + 2,75% in pre-opening. In Asia, the Nikkei finished up 3,41, 9,46% and Shanghai literally soared 10% ... and Hong Kong came close to + XNUMX%.

In more detail (but nothing is yet definitively fixed), the Paulson plan aims to set up a huge defeasance structure which will have the role of collecting all the unsaleable assets, in other words 'rotten', of American financial institutions .

The purpose of this fund is to give real value to impaired assets by removing them from the balance sheets of US financial institutions. This strong measure marks the will of the US policies and the regulatory authorities to put an end to the successive failures on the back of rumors which came to put in risk the balance of the world financial system.

This is not a first in the USA since this kind of solution was implemented in the late 80s to settle the rotten assets of the American Savings Banks (it was the Resolution Trust Corporation). A Parisian analyst stresses that the final cost of this plan had amounted to 160 billion dollars (against probably more than 1.000 billion dollars which will be noted by the end of 2008).


For those who wanted to "play" at the casino, it was this morning : Lol:
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by Christophe » 19/09/08, 15:54

It proves that this is all this ...
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by martien007 » 19/09/08, 16:10

And if the truth was that:

The blow of the century 15:59 19/09/08

Contrary to everything you hear at the moment, not only is the Paulson package the package that will save finance in the United States, but it is a package that will bring a fortune to the American taxpayer

You have already read and heard everything about the US administration's rescue of the Fannie Mae and Freddie Mac mortgage agencies. Optimists, including myself, believe that the Paulson Plan marks the end of the financial crisis and that the financial system is saved. Skeptics, the vast majority of analysts, the consensus therefore ..., speaks of a Pschitt ... which cannot stop the collapse of the financial world. But let's get out of this debate for which "The Jury is out" and whose winners we will not know for 6 months to a year.

I would like to offer you another perspective on this operation which will surprise you. Henry Paulson is the former boss of the investment bank Goldman Sachs. It is not a politician. And it is extremely brilliant (do not make me say what I did not say: one does not prevent the other, even if ...). He acted under duress: the Soldier Finance had to be saved. But his financial reflexes took over. He negotiated a golden deal for the American government! A deal that all hedge funds, all reversal funds, all “vulture” funds would dream of. For the simple reason that he was the only one with the (budgetary) means to do it and that he had in front of him two companies on his knees whose shareholders had no say, despoiled shareholders, ousted and mute. Look at the numbers! They are breathtaking. He finally managed to take the vast majority of the capital control of Fannie Mae and Freddie Mac at a valuation of a few hundred million euros while the first capitalized 39 billion dollars at the start of the year, and even more 3 billion Friday before the announcement, and 23 billion and 7 billion dollars for the second! By injecting very little money. A few billion dollars. The risk is certainly immense for the American Treasury in the event of failure. It is in the hundreds of billions of dollars, but the simple guarantee of the state instantly torched the real value of the two companies. In three years, the government will once again privatize the remains of the two agencies. I bet he will then make a huge profit. Paulson is a financier. He has the soul of a trader.

It may have been the coup of the decade.
And makes its opponents lie by "nationalizing the profits after having privatized the losses".
MF
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by Christophe » 19/09/08, 17:39

http://www.boursorama.com/cours.phtml?symbole=1rPACA
Image

+ 24% for agricultural credit ...


It stinks of insider trading (or other cheating style of agreements between banks: I buy you X you buy me Y) 15km away ...
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by Christophe » 19/09/08, 17:55

martien007 wrote:And if the truth was that:

The blow of the century 15:59 19/09/08

Contrary to everything you hear at the moment, not only is the Paulson package the package that will save finance in the United States, but it is a package that will bring a fortune to the American taxpayer


Funny bush says the opposite:

Bush: the financial crisis involves risks for the American taxpayer NOUVELOBS.COM | 19.09.2008/17/28 | XNUMX:XNUMX p.m.

While his administration is preparing a vast plan for the banks, costing hundreds of billions of dollars, George Bush nevertheless believes that "Americans have good reason to remain confident in the solidity of their economy". Stock markets are up sharply: at 15 p.m., the CAC 40 gained 8,01%

US President George W. Bush said on Friday, September 19 that the government's response plan to the financial crisis would cost a "considerable amount" and entail risks for taxpayers' money.
However, Bush believes, Americans must maintain confidence in the long-term future of their economy.
"Ultimately, Americans have good reason to remain confident in the strength of our economy (...) This country is the best place in the world to invest and do business," he said.
George W. Bush also affirmed the need to act immediately in the face of the financial crisis, in a statement to the White House.

The US president spoke of a "crucial" moment, cited "the erosion of confidence" and the risks to consumption and economic activity.

"As a result, now is the time to act to save the economic health of our country from serious risks," he said.


http://tempsreel.nouvelobs.com/actualit ... r_le_.html
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by martien007 » 19/09/08, 17:56

CAC40 + 9,27% ​​of the never seen for 20 years.

And the ricans who pilot it all:

AOF 19/09/2008 17h34

Paulson: 'Hundreds of billions of dollars' for rescue plan

(AOF) - The sums that the American authorities are preparing to release to resolve the crisis of the financial system promise to be astronomical. According to Henry Paulson, the US secretary of the Treasury, the government's plan would amount to "hundreds of billions of dollars". "I'm going to spend the weekend working with members of Congress from both parties to explore approaches to ease the pressure of these bad loans on our system, so that credit can flow back to consumers and American businesses, "added Paulson.


........... the harder will be the fall !!! : Evil:

Impossible to know the truth in this mess.

TRUST I tell you, the crisis is in good hands, and the oil is back above 100 dollars.
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by Capt_Maloche » 19/09/08, 21:22

What a mess !! there are some who benefit

It really is anything, a game of (super) rich
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by I Citro » 19/09/08, 23:35

: Arrow: Some believe that extending the deadline will only worsen the fall which will necessarily conclude this situation ...
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by SixK » 20/09/08, 01:36

Next episode Monday ...

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