A U.S. default makes Lehman’s fall look like child’s play

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In the past week, Fox hosts have contradicted each other and even themselves in their rush to opine on the upcoming vote to raise the debt ceiling. Economists and experts across the board agree.

Following the U.S. housing bubble’s burst in 2007, Lehman’s stock plummeted in the months leading up to its bankruptcy filing, including a 48% drop after the near-collapse of Bear Stearns in March.

[Nov 12, 2008: CNBC Europe – USA May Lose its AAA Rating]. [Mar 26, 2008: Annual Spring Entitlement Warning Falls on Deaf Ears] on the path we were heading; and now we’ve made those obligations look like child’s play. the most probable outcome will not be a default on the debt but a huge cut in.

Laurie Goodman – Affordability Issues in Housing 5 days ago · To accommodate those struggling with the high cost of living, San Mateo county community college district officials are considering building student housing on their campuses.

But the consequences of those rescues are making officials nervous.. Like many financial institutions, Lehman has a huge balance sheet – it owes. that playing Russian roulette with the U.S. financial system was his best option. that 20% down payments are needed to keep default rates reasonable.

It really let me see how you look at the numbers and use the 5% rule to see where inflection points occur and what the bands look like. This was incredibly helpful. I actually sold out of my small short position at a good profit ( which was more a bet on a short term fluctuation rather than a hedge after listening to you) and will look more.

Trump: Many geniuses are working to end government control of Fannie and Freddie We have many geniuses looking at it and we’ll figure something out." What to do with Fannie and Freddie, which backstop about $5 trillion of mortgage securities, is the main unresolved issue from the financial crisis more than a decade ago.

The case against Lehman Brothers. Greenlight Capital David Einhorn BEFORE lehman brothers fall. Chanos: Psychology of short selling; china makes Europe, U.S. debt look like child’s play.

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As Cyprus is made to fund its own rescue IBA Global Insight. faced the prospect of making the average American pay for Lehman's. agrees, urging in the Financial Times that 'default must be a credible threat.. Was it sensible to choose a nation so reliant on banking as the poster-child for moral hazard?

Most investors look at Treasurys as if they were 100 percent guaranteed by the U.S. government. Any threat of a default could cause debt rating agencies, such as Moody’s and Standard and Poor’s, to lower the U.S. credit rating.