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Lehman Brothers' Credit Crunch; Fannie Mae & Freddie Mac Shares Plunged To Lowest; Barclays Would Consider U.S. Wealth-Management Company

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Lehman Brothers may write off $4 Billion in 3Q, JPMorgan Chase says; Lehamn Brothers may sell part of its investment management unit, WSJ reports; Fannie Mae & Freddie Mac shares plunged to lowest in 18 years; Barcalys would consider U.S. Weath-Management

Channel: News & Politics
Uploaded: December 31, 1969 at 6:59 pm
Author: Bloomberg

Length: 03:03
Rating: 4.80
Views: 7057

Tags: Banking  bloomberg  Business  Market  News  NYSE:BCS  NYSE:FNM  NYSE:FRE  NYSE:LEH  Stock  television  tv  

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Garybaldey (December 31, 1969 at 6:59 pm)
I belive that the cash is flowing rather sporadicley in several regions but in others the current economic state can only mean one thing and allthough i hate to say it,it rather looks like economic meltdown is verry much upon us.
weetimbhoy (December 31, 1969 at 6:59 pm)
i aint got a clue how this gonna pan out! but i think im safe in saying the working class sure isnt gonna benefit
tarasov12 (December 31, 1969 at 6:59 pm)
more bad news for Mr.Dash2xUS national debt (2008.09.22)is9,671,845,699,147 dollarsR u ready to return 1300 USD to every citizen of our planet? Ur personal debt is about 35 000 USD. Please send me a check. I shall wait only 1 day
ten4rogerthat (December 31, 1969 at 6:59 pm)
i think the truth is that no one really knows how this financial machine works. its been fluking upwards for years now its on the down side......even the experts are crossing their fingers hoping it corrects itselfComment(s) marked as spam Sho
ten4rogerthat (December 31, 1969 at 6:59 pm)
i think the truth is that no one really knows how this financial machine works. its been fluking upwards for years now its on the down side......even the experts are crossing their fingers hoping it corrects itselfComment(s) marked as spam Sho
Dash2x (December 31, 1969 at 6:59 pm)
but this isnt bush's fault...its our own fault american's greed and lust for money left the economy that way the reason why all these banks are closing down is cause of the morgage you have people saying oh shit houses are cheap lets buy a couple and then sell them or rent them and make a quick prof you have a flood of houses in the market houses go down then the bank wants money those houses get foreclosed no one buys still they lose billions and this is where we are atits our fault
Dash2x (December 31, 1969 at 6:59 pm)
BearStearns - 29 billion dollar bailoutFannue Mae Freddie Mac - 200 Billion + BailoutAIG - 85 Billion Bailoutthen you have Ml who was bought out by Bank Of America they got savedand well lehman is as they say tryin to stake their goods and i think it might do fine but who knows
mrbagshaw1980 (December 31, 1969 at 6:59 pm)
when is the human race going to fucking WAKE UP!!! even a dumb animal knows not to try squezzing through an electrified fance after being fried once! why are we so DUMB!? when are we finally gonna relise "wow you know what,this keeps on happening,maybe it is the way credit and loans are created that keep causing this!" money is IDEOLOGY,not the laws of nature,not something that is out of our control.Money does not grow on trees,EXACTLY its man made!!!!sort it out !AAAAAAAAAAAAAAAGHHH!!
romka4567 (December 31, 1969 at 6:59 pm)
hey i want to ask do you know by any chance besides Freddie and Fannie mac and Lehman brothers what was the third company that went down?
rhubesh (December 31, 1969 at 6:59 pm)
bravo bush's administration. keep going

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