Its interesting that Lehmans is in 'free fall'. I was talking to a consultant to the Asian Development Bank and Macquarie Bank about 4 weeks ago, and he was saying that Lehmans was in real trouble. Its interesting how this information doesn't find its way onto the market for so long. Great opportunity to short sell I guess. :)
Someone suggested that this credit crunch would result in the failure of about 40 small banks. So far it seems to be the larger banks which are failing. SocGen, Lehmans. Fannie Mae, Freddie Mae.
Anyway, you get the impression that senior people in the market know the extent of the problems, just this information is not conveyed to the market. I guess that shouldn't surprise anyone.
--------------------------------------------------
Andrew Sheldon www.sheldonthinks.com
Someone suggested that this credit crunch would result in the failure of about 40 small banks. So far it seems to be the larger banks which are failing. SocGen, Lehmans. Fannie Mae, Freddie Mae.
Anyway, you get the impression that senior people in the market know the extent of the problems, just this information is not conveyed to the market. I guess that shouldn't surprise anyone.
--------------------------------------------------
Andrew Sheldon www.sheldonthinks.com
Posts
No comments:
Post a Comment