iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,348 Blog Posts

Lehman Begging for Fresh Capital

This is getting embarrassing.

I never thought I’d see the day when my country’s financial institutions were minimized to the equivilant of a homeless man aka bum, with cup in hand, asking for money from the tourists shopping on Madison avenue.

Fucking pathetic.

They get the fortune cookie.

In other news, “The Godly folks” at iBC have several monster wins lined up.

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14 comments

  1. Green Writer

    All financials will also have to cut their dividends since it is a huge loss of capital they can not afford to spare.

    Burn in hell financials!

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  2. billybull

    fly,
    too bad you covered LEH short.

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  3. haileris

    They’re going to pass this shit off as good news, aren’t they?

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  4. Aris

    i was just reading the journal article about LEH. an outfit out of NJ funding them? i bet it’s a CNBC shell run by bob pisani. ticker: TRDR.TLK

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  5. Hattery

    Lol love the analogy…
    WTF!
    Can I have a few hundred thousand? I want to bet it all on red… oh shit, I lost, can I have a few million? Oh shit, lost again! Can I have a few billion? Damn, Can I have 3 times as much, I’ll try my best to win it all back and then some.
    Fuckers would have better luck betting on red…

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  6. lol

    when asked where the outfit got the money to lend to lehman, they responded, by shorting lehman and bear sterns
    when asked what they plan on doing with the money they make, they responded, probably short the financials

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  7. Q4

    UBS fucked. More writedowns.

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  8. blowhard

    LEH prelim ($5.14) vs ($0.22) First Call consensus; expects to report revs of ($0.7) bln vs $2.62 bln First Call consensus. RALLY TIME!

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  9. ZenProfit

    LEH is fixed. All is well. Financials have turned around. Long term BUY BUY BUY.

    And, I’ve got a bridge in Brooklyn for sale. Cheap.

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  10. TraderCaddy

    Beggars can’t be choosers.

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  11. The Fly

    LEH is the gayest investment bank out there.

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  12. TraderCaddy

    Somebody post what LEH says on conference call. I’ll be busy watching The Three Stooges.

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  13. Bennet

    fm minyanville

    Bennet Sedacca

    08:50:45 AM

    No positions in stocks mentioned.

    A quick comment on Lehman…

    We have been hearing about Lehman (LEH) for a year now and that has intensified of late. I’ve been asked what I think about the capital raise and the firm’s loss announced this morning.

    I will say this. LEH is raising capital because it needs to. Just like everyone else. Why it continues to pay a dividend is beyond me. This deal is highly dilutive and is rather necessary.

    The greatest description of all, however comes from none other than David Einhorn. Einhorn says ‘Lehman is raising capital it said it didn’t need to replace losses it said it didn’t have’.

    LEH is not an isolated event, folks. There will be many more of these deals. And at some point, the buyers will walk away. that’s when the real fun starts.

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