Comments on: Lehman and Federal Reserve Assets http://www.aleablog.com/lehman-and-federal-reserve-assets/ Alea Jacta Est Wed, 03 Mar 2010 18:43:34 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Amicus http://www.aleablog.com/lehman-and-federal-reserve-assets/#comment-2170 Amicus Mon, 15 Dec 2008 13:13:59 +0000 http://www.aleablog.com/?p=2201#comment-2170 Apparently Sunday trading sessions are not enough: "That’s why Mr. Miller says it was crucial for the government to head off the wholesale termination by counterparties of all their transactions with Lehman before the firm was forced into bankruptcy. “If the Fed or the Treasury said, ‘Let’s say to Lehman, there’s no bailout, we’re not going to save the company,’ they could have supported an orderly unwinding of all the transactions over a period of months,” he says. “It probably would’ve cost the economy a lot less money.” -Lehman's undertaker http://www.nytimes.com/2008/12/14/business/14miller.html?_r=1&ref=business&pagewanted=all Oh, and Dick Fuld is rumored to be looking to get into advisory, once his contract with Lehman is up at the end of the year. Apparently Sunday trading sessions are not enough:

“That’s why Mr. Miller says it was crucial for the government to head off the wholesale termination by counterparties of all their transactions with Lehman before the firm was forced into bankruptcy. “If the Fed or the Treasury said, ‘Let’s say to Lehman, there’s no bailout, we’re not going to save the company,’ they could have supported an orderly unwinding of all the transactions over a period of months,” he says. “It probably would’ve cost the economy a lot less money.”

-Lehman’s undertaker
http://www.nytimes.com/2008/12/14/business/14miller.html?_r=1&ref=business&pagewanted=all

Oh, and Dick Fuld is rumored to be looking to get into advisory, once his contract with Lehman is up at the end of the year.

]]> By: jck http://www.aleablog.com/lehman-and-federal-reserve-assets/#comment-2169 jck Sun, 14 Dec 2008 18:42:56 +0000 http://www.aleablog.com/?p=2201#comment-2169 well, they allowed it to fail because they thought markets would remain orderly, talking about misreading the consequences... as mentioned in the post "Official: the Fed is clueless" : <b>The Fed board members assured Griffin (citadel) that the markets would remain orderly as Lehman unwound its positions.</b> well, they allowed it to fail because they thought markets would remain orderly, talking about misreading the consequences…
as mentioned in the post “Official: the Fed is clueless” :
The Fed board members assured Griffin (citadel) that the markets would remain orderly as Lehman unwound its positions.

]]> By: Ovid Benelli http://www.aleablog.com/lehman-and-federal-reserve-assets/#comment-2164 Ovid Benelli Sun, 14 Dec 2008 18:30:59 +0000 http://www.aleablog.com/?p=2201#comment-2164 So Lehman was too big to be allowed to fail, but they allowed it to fail anyway? So Lehman was too big to be allowed to fail, but they allowed it to fail anyway?

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