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banned from Kos

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6. Which has exactly NOTHING to do with Lehman's failure.

Reply to ProSense (Reply #4)

Fri Apr 20, 2012, 10:06 PM

Apr 2012

Lehman was an I-Bank as you mention and never was concerned about Glass-Stagall regs.

Nice try!

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I will donate $1000 to the DNC now if someone explains how G-S caused Lehman to fail. [View all] banned from Kos Apr 2012 OP

Bless your heart.. Fumesucker Apr 2012 #1

One down. Once again - how did the repeal of G-S cause Lehman to fail? banned from Kos Apr 2012 #3

I don't know and I don't care.. Fumesucker Apr 2012 #7

The repeal of GS led to too big to fail banks being in jeopardy of failing karynnj Apr 2012 #66

It seems very unlikely that you have $1000. ( n/t ) Make7 Apr 2012 #2

A couple of points: ProSense Apr 2012 #4

Which has exactly NOTHING to do with Lehman's failure. banned from Kos Apr 2012 #6

Really? ProSense Apr 2012 #8

No, your premise is wrong. The economy was never "shielded from I-bank risks" banned from Kos Apr 2012 #11

Again ProSense Apr 2012 #15

What? jsmirman Apr 2012 #36

Lehman was destroyed by the collapse of the subprime mortgage market jsmirman Apr 2012 #5

Garbage - Countrywide, IndyMac, WaMu and 100s others sourced loans banned from Kos Apr 2012 #10

Welcher jsmirman Apr 2012 #16

Are you Charles Keating? Octafish Apr 2012 #9

Question?.....Credit rating agencies.... lostnote12 Apr 2012 #25

Guard-Dogs for the Banks: The Case Against Rating Agencies Octafish Apr 2012 #33

very nice article...thanks...n/p lostnote12 Apr 2012 #39

His check is in the mail along with Ichingcarpenter Apr 2012 #63

The crooks get away with looting the economy and the Treasury. Octafish Apr 2012 #64

If I answer... can you send it to Elizabeth Warren's campaign instead? nt MannyGoldstein Apr 2012 #12

I'll try, but I don't have patience for long posts. Lucky Luciano Apr 2012 #13

Agreed MannyGoldstein Apr 2012 #14

Also very true jsmirman Apr 2012 #17

That is absolute garbage! LEH and BSC failed because of FORECLOSURES & BAD LOANS! banned from Kos Apr 2012 #18

And were they unable to pay their mortgages MannyGoldstein Apr 2012 #19

What the hell are you talking about? jsmirman Apr 2012 #20

Their balance sheet was corrupted because of debtors who did not make payments! banned from Kos Apr 2012 #22

Were there more subprime loans MannyGoldstein Apr 2012 #23

Absolutely! And mortgage originators steered naive people into subprime banned from Kos Apr 2012 #29

Were loans like that widely available prior to the early 2000s? nt MannyGoldstein Apr 2012 #31

What the hell is your point? jsmirman Apr 2012 #26

People do often say "levering up" etc. I say it all the time Lucky Luciano Apr 2012 #37

Must be a new-fangled thing jsmirman Apr 2012 #45

Too bad Bush took the FBI off the case when they let him know in 2005 that there was a huge problem sabrina 1 Apr 2012 #27

And their balance sheet was corrupted because they lied jsmirman Apr 2012 #30

My POINT is that Glass-Steagall had nothing to do with the mortgage crisis banned from Kos Apr 2012 #47

You are crazy pants jsmirman Apr 2012 #52

Ok, slowly for you. Glass-Steagall did not regulate mortgages nor did it have anything to banned from Kos Apr 2012 #56

You really are trolling jsmirman Apr 2012 #59

There has always been foreclosures and bad loans. mmonk Apr 2012 #21

Sure. But 2007-2009 saw a record rate of defaults. banned from Kos Apr 2012 #24

Dude...I am more involved in the game than you think. Lucky Luciano Apr 2012 #28

We are speaking the same language here jsmirman Apr 2012 #32

You're talking securitization. I am addressing the ROOT cause - origination and valuation banned from Kos Apr 2012 #34

This is madness jsmirman Apr 2012 #38

Securitization did not cause defaults and foreclosures! banned from Kos Apr 2012 #43

This is just completely wrong jsmirman Apr 2012 #46

I don't think our friend's trade will settle properly. Lucky Luciano Apr 2012 #48

But no one here is talking Glass-Steagall because my wager required that banned from Kos Apr 2012 #51

How dishonest. You mistitled the article which is really titled banned from Kos Apr 2012 #50

Wha? I gave it a descriptive title to tell you jsmirman Apr 2012 #55

WaMu failed because there were two large runs on the bank.. girl gone mad Apr 2012 #49

Correct on the holding the bag part jsmirman Apr 2012 #57

If home values just kept going up, the bubble would have gotten bigger. Lucky Luciano Apr 2012 #40

Sure, securitization pulled in bad origination practices. banned from Kos Apr 2012 #44

You have your cause and effect reversed. girl gone mad Apr 2012 #53

Its chicken and/or egg. They both fed the mill. But once again Glass-Steagall did NOTHING banned from Kos Apr 2012 #58

Then you're in agreement with Phil Gramm.. girl gone mad Apr 2012 #60

It's not a chicken and/or egg issue, btw. girl gone mad Apr 2012 #62

Investment houses created the market. mmonk Apr 2012 #41

"If home values had kept going up" is an insane statement. JackRiddler Apr 2012 #54

G-S squishy magic juice splashed on them upi402 Apr 2012 #35

I don't have a clue, but I'm curious as ... lostnote12 Apr 2012 #42

I was going to hazard that Goldman Sachs shorted Lehman Fresh_Start Apr 2012 #61

Some reading for you. LiberalAndProud Apr 2012 #65