financial crisis in the global economy?
14-09-2008, 09:29 PM
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financial crisis in the global economy?
oh yes... massive problems in america this weekend.. hence why our desks have opened up for overnight trading and i'm in the fekking office to cover on my own until 5.30 tomorrow! 
anyone not aware.. lehman's have gone under and BOA are looking to buy merril lynch.
general conscensus here is to expect 25% wiped off of the global markets by the time london officially opens for trading tomorrow!
P.S. - get your arse in to work Lee!!! don't see why i should suffer on my own!
P.P.S. 25% may well be a long way out, it's just the figures being bandied about in here at the moment.
anyone not aware.. lehman's have gone under and BOA are looking to buy merril lynch.
general conscensus here is to expect 25% wiped off of the global markets by the time london officially opens for trading tomorrow!
P.S. - get your arse in to work Lee!!! don't see why i should suffer on my own!
P.P.S. 25% may well be a long way out, it's just the figures being bandied about in here at the moment.
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14-09-2008, 09:36 PM
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14-09-2008, 09:40 PM
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14-09-2008, 09:41 PM
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14-09-2008, 09:41 PM
#13
just finding my feet
cheers adrian, i just googled it
sounds like a scam to get tax money security to me though and worry people as much as they can,,,, scaremongering if you will
sounds like a scam to get tax money security to me though and worry people as much as they can,,,, scaremongering if you will
14-09-2008, 09:41 PM
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Just had to use good old google to do a bit of quick research on the names thats been mentioned.
would seem that Lenhams and Merril Lynch are/where very big name within investment banking
Certainly not looking good then.
would seem that Lenhams and Merril Lynch are/where very big name within investment banking
Certainly not looking good then.
Last edited by Kelv; 14-09-2008 at 09:50 PM.
14-09-2008, 09:42 PM
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14-09-2008, 09:43 PM
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Ginge... i'm truly lost for words at the depth of your knowledge and your insight.
if only the global economy had listened to yoU! ,,,,,,,,,,,,,,
14-09-2008, 09:44 PM
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14-09-2008, 09:48 PM
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true! he's currently snoring his arse off too!! i dont think he'd physically be able to get in to work right now with the amount of food he's eaten tonight!
14-09-2008, 09:52 PM
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14-09-2008, 09:54 PM
#25
just finding my feet
though i know FUCK ALL about investments/banking,, or most things tbh but i understand what some companys do,,,, if buying a company thats failing and they can turn it around its generally kept secret from everyone,,,,, if they want to panic people to get backing then they leak it to everyone,,,,,, look at the history of banking around 100 years ago with the scare mongering done buy the bigger banks to put there rivals out of business,, getting the customers to withdraw there gold wiping there value to nothing,,, then buying them
rockafella ect have made me doubt big business
though i only know what i get told
14-09-2008, 09:58 PM
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14-09-2008, 10:01 PM
#28
just finding my feet
as said though i googled it,,,, and never heard of them before
does this mean i withdraw my 12.93 from my savings account tommorow morning ?
14-09-2008, 10:05 PM
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14-09-2008, 10:06 PM
#32
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so is barclays keeping its own money to weather the storm as it were?
14-09-2008, 10:07 PM
#33
just finding my feet
[URL] The British bank withdrew because the U.S. government wouldn't provide financial guarantees, according to a person familiar with the matter.
thats the part i was refering too
14-09-2008, 10:10 PM
#34
..BS Motorsport..
Ive been working on one of merill lynchs data centres recently and they were having to cut back big time on the ammount of money they could spend, this was about 6 months ago now so they obviously had an idea of how things were going. Theres a few of the newer towers (small ones at that) going up at the wharf that we're working on and Im led to believe a lot of people have revoked their intrest in tenancy. Not really relevant to this situation I know but it makes you think.
