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US Banking Giant Goes To The Wall
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Sky News
September 15, 2008
US investment bank Lehman Brothers has announced plans for bankruptcy protection in New York after all rescue attempts failed.
The news has sparked panic in the world’s stock markets with big falls in Asia and in the UK, where the FTSE opened more than 100 points down.
The Bank of England says it will be monitoring the fall-out and is ready to intervene if it causes fresh chaos in the money markets.
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Lehman – America’s fourth biggest investment bank – is to file a petition under Chapter 11 of the US Bankruptcy Code.
This usually allows companies to reorganise their contractual and debt obligations under the supervision of a bankruptcy court.
There had been a series of last-minute meetings in New York to try and save the 150-year-old institution.
But two potential buyers pulled out of a rescue deal and the Bush administration refused to bail out the stricken firm with taxpayers’ money.
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September 15th, 2008 at 1:45 pm
It is time…………….
September 15th, 2008 at 2:13 pm
Here comes the depression!
September 15th, 2008 at 2:51 pm
It’s like watching a tsunami about to hit the banks and everyones got 50 cent cranked in the beach house
September 15th, 2008 at 2:52 pm
YAAAAAAAAAAAAAAAAAAAAAAAAA!!!!!!!!!!!!!!!!!!!!!!!!
September 15th, 2008 at 4:29 pm
…Ah-bdi… Sniff…sob…sniff…sniff…..cough…
September 15th, 2008 at 5:05 pm
Here we go GOT JESUS?
September 15th, 2008 at 6:35 pm
oh shit. tie up your loose ends.
September 15th, 2008 at 6:37 pm
must be a full moon…lol…if the u.s. government (bush and his band of thieves) have once again filled the pockets of the rich elite they should all be arrested and we should have a parade and put them in front..chained to each other wearing nothing but a dipper and people would be aloud to through eggs and tomato’s…then they would strait to jail… now that would be something that the next person in charge would think before he does things first… and it should be a law for all coming presidents…look on the bright side ..in 2009 well be the end or will it…that’s the 10,000,000,000,000,… question….
September 15th, 2008 at 6:42 pm
Sunday Bloody Sunday
The Wall Street Shuffle
ralph DR RON cynthia
What have they done to the earth?
What have they done to our fair sister?
Ravaged & plundered & ripped her & bit her
Stuck her with knives in the side of the dawn
& tied her with fences &
Dragged her down!
mike dennis jesse ross
September 15th, 2008 at 7:06 pm
I have problems on how this went down. it was too controlled and totalitarian…..no emotion, totally robotic. the economy is going to crash and everyone seem way too calm.
September 15th, 2008 at 7:50 pm
http://www.savethemales.ca/251102.html
September 15th, 2008 at 8:49 pm
Then what? Will the bankers jump off their 50 story buildings and hit the ground like the economy they created? Or, do they just move on to the sunny part of the planet and spend everything that they help the elite steal.
September 15th, 2008 at 9:09 pm
I think now is a good time to have money on hand, in today’s world many of us depend on banks too much,its a lot faster and easier to pay at the pump for gas,for example. but keep in mind that if there is a massive banking failure the FDIC only has about 50billion dollars to insure over 1trillion that’s only like .5 cents per dollar. History could very well repeat itself. google the events that caused the great depression, many similarities
September 15th, 2008 at 9:26 pm
http://www.disastersurvivalist.org
September 15th, 2008 at 10:05 pm
All you materialistic dumb-shits are starting to “get what you deserve!!!”
Until money takes on a spiritual aspect, there will never be cosmic balance in our Society.
Anyone working for the NWO knows this and will do anything and everything to hide this fact.
“There’s no such thing as a free lunch……..” and these Wall Street Big-Wiggs are starting to see the effects of their actions.
There can and never will be balance in the system until we all take Universal Law 101!!!!!!!
Long live the Great Vision of Spiritual Democracy!
September 15th, 2008 at 11:21 pm
This is going to affect everyone,end it is only the begining ,listen to International Forcaster or read on the web,this has been spoken of for 20 or more years,it could be that the worst fears are coming to being. My opinion is that it’s by design. It has been announced; people who shave spoken about it have been proclaimed as nut cases. Both the prophets of doom and controllers are right.
Now what are you going to do?
You too,Go now you rich man weep and howl for the miseries that shall come upon you.
You got your benefit,you believe in your piece of paper that it shall save you.
Now when your God the Dollar gets thrown down,pray to it. Let it deliver you.
You millioners and billioners your paper is just a number with no value and you believed that in the last days it shall save you. Bow down to your God.
September 16th, 2008 at 11:39 am
Fraud! Fraud! Fraud! Just look at the price o gold and silver! Where are the cops! Robbery!