Monday, Mar 17, 2008
Lehman could be in a similar position to Bear Stearns
Citywire: AA-rated Tom Walker says crisis worst since 1974, Lehmans also vulnerable
Martin Currie's AA-rated North American manager Tom Walker said the current US liquidity crisis following JP Morgan Chase's knockdown purchase of Bear Stearns is as bad as the Opec oil crisis of 1974. Head of private client research at Charles Stanley Stockbrokers Jeremy Batstone said the central banks had yet to grasp the full extent of the financial crisis and said the UK economic scenario was the wost for 17 years.
Posted by jack c @ 03:28 PM (801 views) Add Comment
4 Comments
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1. Fair_deal said...
Yes, 'Lehman bros' could be the next, i saw this mentioned on some other forums as well.
2. Cynicalsoothsayer said...
Looks like they're ramping up UK Bank stocks, just like the articles ramping house prices.
3. Mariothegreat said...
And...
BNP Paribas Securities Corp.
Banc of America Securities LLC
Barclays Capital Inc.
Bear, Stearns & Co., Inc.
Cantor Fitzgerald & Co.
Citigroup Global Markets Inc.
Countrywide Securities Corporation
Credit Suisse Securities (USA) LLC
Daiwa Securities America Inc.
Deutsche Bank Securities Inc.
Dresdner Kleinwort Wasserstein Securities LLC.
Goldman, Sachs & Co.
Greenwich Capital Markets, Inc.
HSBC Securities (USA) Inc.
J. P. Morgan Securities Inc.
Lehman Brothers Inc.
Merrill Lynch Government Securities Inc.
Mizuho Securities USA Inc.
Morgan Stanley & Co. Incorporated
UBS Securities LLC.
Source: Federal Reserve Bank of New York
4. Hyrax said...
This is serious...start searching for 8% mortgages if you qualify.