yep ...here's another http://dealbook.blogs.nytimes.com/2008/09/14/lehman-to-file-for-bankruptcy-protection/
hahahah sucks for all the people who are about to retire thinking they have money then they look at their 401k's tmrw and "oh shit" they're gonna have to go back to work.
Moreover, changes to the bankruptcy code mean that counterparties to Lehmanâs credit-default swaps can seize their collateral at any time, posing an enormous potential risk to the entire financial markets.
staffpro Registered: Mar 2008 Posts: 359 New Post 09-14-08 11:19 PM hahahah sucks for all the people who are about to retire thinking they have money then they look at their 401k's tmrw and "oh shit" they're gonna have to go back to work. We know who's a net loser in trading and in life
Never take joy in someone else's suffering, unless , of course it's the hedgefund assholes and the heads of these legalized whore houses. There are 29,000 employees, many of whom operate back office systems, answer phones, run computers, on and on. All their deferred comp is wiped out, they live in New York, so making 50 to 150 grand a year isn't very much, and there will be no jobs in the financial industry for many years. This is tragic. It is a failure of Wall St. and Washington. And I personally know only one guy who stood up to this behavior. And he was threatened with murder. So take no joy in this. It is tragic.