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| User Info | Rumors out of Dubai in forum [Rumors] | |||
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Pricechange Posts: 946 Incept: 2007-12-11 
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Rumors from Dubai regarding Lehman's Oil trades...using fed open window funds to speculate on oil (long)...on pre-knowledge regarding Israel making threats and practice bombing runs toward Iran. Arabs got wind of this and shorted it hard over the 4th weekend causing Lehman to get caught "holding long" over the weekend and getting massive margin calls. Fed closed the window to Lehman and now banks pulling lines, deep pockets pulling funds and fellow IBs refusing to do business. After Iran got wind of all this they agreed to discuss EU proposals in middle of 4th weekend which caused oil to drop hard Monday. Now AP, trying to prop oil, seems to be making up news as they good along about Iran having war games (most say it is just a small group doing routine activity) and about Iran stating that they refuse to stop enrichment (Rumor that Iran actually ready to talk to EU at a very near date). ---------- Kaptur:A lot of people think that the president of the New York Fed works for the US, can you provide for the record some names of the bankers that elected you. Geithner: Goldman Sachs Kaptur:Goldman Sachs was the largest recipient in AIG bailout Last modified:
2008-07-08 01:44:09 by pricechange
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Pika-steph Posts: 39197 Incept: 2007-09-11 
^Why I keep^ fighting; so he is not fighting for nothing.
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Wow.
---------- Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org  "America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards."
2008-07-07 21:52:27
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Pricechange Posts: 946 Incept: 2007-12-11
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Some conformation of the AP news machine already trying to deflect focus away from wall street and drumming up hostility toward Middle East. http://www.bloomberg.com/apps/news?pid=2.... ---------- Kaptur:A lot of people think that the president of the New York Fed works for the US, can you provide for the record some names of the bankers that elected you. Geithner: Goldman Sachs Kaptur:Goldman Sachs was the largest recipient in AIG bailout
2008-07-07 21:53:15
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Fourredfish Posts: 3324 Incept: 2007-06-26 
Seattle - Where Spencer Elden's penis became famous.
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Now THAT is a rumor. Spun all nice and intricate.
2008-07-07 21:55:00
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Etz3l Posts: 9103 Incept: 2007-06-26
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I have no idea about the details but the margin call seemed pretty obvious this morning.
---------- Treating the symptoms of financial corruption isn’t the same as removing the causes.
2008-07-07 21:57:14
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Bw8472 Posts: 6446 Incept: 2007-06-28
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Well the Arabs could only miss this golden goose so long, well not just them, it's so obvious that the IB's are all to some extent gunning the system to make up losses. It's called insider trading if we do it. I have no idea if it's true or not but once you're found out you're a target and an easy mark. If you wanted to get in someone's business ****ing off the Arabs wouldn't be wise here as they have a lot of money and control over things ..... oil.... that you're long. This will end badly shortly, wonder if the PPT gets overtime? ---------- At what point then is the approach of danger to be expected? I answer, if it ever reach us, it must spring up amongst us. It cannot come from abroad. If destruction be our lot, we must ourselves be its author and finisher. As a nation of freemen, we must live through all time, or die by suicide. ~Abraham Lincoln
2008-07-07 22:00:28
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Bear Posts: 6649 Incept: 2007-07-10
SoCal, and my avatar is so ****ing small you cant see it
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seems completely plausible to me...especially after what I saw today Didnt "B-52 Ben" explicitly warn these ****ers NOT to do what Lehman was accused of doing here?......spanking time now for LEH ---------- Cause GS got all the beef.....Mliu
2008-07-07 22:04:36
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Pricechange Posts: 946 Incept: 2007-12-11
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Iran splitting and isolating the White House/McCain Hawks/Wall Street Oil and showing early openness toward negotiations with Obama's camp. http://www.atimes.com/atimes/Middle_East.... ---------- Kaptur:A lot of people think that the president of the New York Fed works for the US, can you provide for the record some names of the bankers that elected you. Geithner: Goldman Sachs Kaptur:Goldman Sachs was the largest recipient in AIG bailout
2008-07-07 22:08:20
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Pricechange Posts: 946 Incept: 2007-12-11
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But Israel still trying hard to drum up war chant. http://www.jpost.com/servlet/Satellite?c.... So....who is really pushing high oil and who is not? ---------- Kaptur:A lot of people think that the president of the New York Fed works for the US, can you provide for the record some names of the bankers that elected you. Geithner: Goldman Sachs Kaptur:Goldman Sachs was the largest recipient in AIG bailout Last modified:
2008-07-07 22:18:04 by pricechange
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Patentleathershoes Posts: 7642 Incept: 2007-09-13
Looking forward to PB&J time!
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I have front month LEH 15s which I bought three weeks ago that almost made par. I made cost on that trade a while ago but this seemed ODD given that I bought these puts at a lower per share than today. I for one would LOVE to see the Fed money to be proved to being responsible for speculation in commodities. I suspect it's happening. It explains the whipsaw action today while all along the banks were tanking. The best tell all book to be written is how the IBs and banks tried to hedge their losses with Fed money when this is all said and done, IMHO.
2008-07-07 22:14:28
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Etz3l Posts: 9103 Incept: 2007-06-26
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Lehman --> <-- Everyone else.
---------- Treating the symptoms of financial corruption isn’t the same as removing the causes.
2008-07-07 22:17:10
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Bw8472 Posts: 6446 Incept: 2007-06-28
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Iranians aren't stupid. They're going to bend us over with concessions at the worst time and publicly to make it nigh on impossible to blow them up now. Not saying it'll work but that's what they're doing. ---------- At what point then is the approach of danger to be expected? I answer, if it ever reach us, it must spring up amongst us. It cannot come from abroad. If destruction be our lot, we must ourselves be its author and finisher. As a nation of freemen, we must live through all time, or die by suicide. ~Abraham Lincoln
2008-07-07 22:17:29
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Lowbeyond Posts: 6901 Incept: 2008-02-11
CO Online
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no doubt. i nominate the guy who wrote FIASCO or the one who wrote when genius failed. I will buy the hard cover !
---------- Maybe it was a birdy bread-bomber from the future?! Last modified:
2008-07-07 22:18:12 by lowbeyond
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Pricechange Posts: 946 Incept: 2007-12-11
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I am not an Iran fan but neither am I a fan of ****ing over Americans with high oil just to make up for bad CDOs. And it does seem to be an orchestrated effort with some names starting to float to the surface (ie, Bush and Co, McCain, Lieberman, Lehman and other IBs). If the Fed even thinks they look suspect here they will be forced to slam some windows shut. Most of this seems to be a combination of Making up losses (Wall Street) and gunning the fear (GOP) prior to the Nov election. That would explain the GOP's choice of McCain (War guy to save us from the projected enemy). If this **** blows up in their face here, there will be Senate investigations for 2 of the first 4 years of Obama's term with some stiff jail terms and LOTS of lost trust. ---------- Kaptur:A lot of people think that the president of the New York Fed works for the US, can you provide for the record some names of the bankers that elected you. Geithner: Goldman Sachs Kaptur:Goldman Sachs was the largest recipient in AIG bailout Last modified:
2008-07-08 01:45:15 by pricechange
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Patentleathershoes Posts: 7642 Incept: 2007-09-13
Looking forward to PB&J time!
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Price: Or not. Or bellowing about doing so. That's the problem
2008-07-07 22:37:23
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Pricechange Posts: 946 Incept: 2007-12-11
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Right now its just rumors...I watch Hedgie's posts for the actual news because if anyone has anything regarding Lehman, Hedgie will know soon enough.
---------- Kaptur:A lot of people think that the president of the New York Fed works for the US, can you provide for the record some names of the bankers that elected you. Geithner: Goldman Sachs Kaptur:Goldman Sachs was the largest recipient in AIG bailout
2008-07-07 22:41:59
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Free Posts: 1386 Incept: 2007-07-28
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What's Dubia? Is that like Dub-ya? Or do you mean Dubai, United Arab Emirates? ---------- "Don't believe anything you hear, and half of what you see." Last modified:
2008-07-07 22:42:49 by free
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Etz3l Posts: 9103 Incept: 2007-06-26
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My criminal mind wonders if Lehman is net short Fannie, Freddie and Disney  ---------- Treating the symptoms of financial corruption isn’t the same as removing the causes.
2008-07-07 22:47:33
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Patentleathershoes Posts: 7642 Incept: 2007-09-13
Looking forward to PB&J time!
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Etz: Goldman shorted their bad short positions. Cramer told me so. He LOVEs Goldman.
2008-07-07 22:54:37
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Bear Posts: 6649 Incept: 2007-07-10
SoCal, and my avatar is so ****ing small you cant see it
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Etz.....look at Guy Daley's sig line next time you see his posts.....I cant prove it, but I would bet a grand that is EXACTLY whats going on....among other **** Historians will write about this fiasco for years.....and how stupid repealing the Glass-Steagall act was. Especially after the S&L fiasco ---------- Cause GS got all the beef.....Mliu
2008-07-07 23:03:24
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Theneedles Posts: 3090 Incept: 2007-08-31
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Quote:Now THAT is a rumor. Spun all nice and intricate. My thoughts exactly. Great rumor.
2008-07-07 23:18:34
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Future_shock Posts: 1141 Incept: 2007-10-16
Texas
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I read a Financial Times article about a month ago that said Lehman's largest investment position was in oil and was estimated to be about $350 billion at the time. I would say they've made a killing on those positions.
2008-07-07 23:21:30
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Matt Posts: 3820 Incept: 2007-06-26
Bothell, WA
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Quote:I read a Financial Times article about a month ago that said Lehman's largest investment position was in oil and was estimated to be about $350 billion at the time. I would say they've made a killing on those positions. $350 Billion??? uh, I think that's a little high... Knowing Lehman though they were probably short 
---------- "Market players should be buying things even though they are overvalued, Cramer advised. Although this may seem irresponsible, traditional market thinking is not going to get people anywhere right now."
2008-07-07 23:24:01
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Bear Posts: 6649 Incept: 2007-07-10
SoCal, and my avatar is so ****ing small you cant see it
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350 Billion ?....'Genesis' or 'The One' doing that much, I could understand...but LEH ?...I dunno
---------- Cause GS got all the beef.....Mliu
2008-07-07 23:27:29
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Txdomer Posts: 968 Incept: 2007-11-07
Ding-dong, the Fed is dead!
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Lehman bet so hard that they can't handle a 2% drop in oil? And the Fed is taking action that virtually guarantees they go under? I don't buy it. And what's up with the bit about the AP wanting to prop up oil? Why? ---------- "Economics is not practiced as a science. Rather, it is a pretentious way to covertly promote political prejudices." - Fred Harrison http://renegadeeconomist.com
2008-07-08 00:22:27
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