View Full Version : What "home" looks like from the UK.

16th September 2008, 16:20
...Clearcut, Non-American financial perspective.


Lehman Brothers' bankruptcy has dealt the money markets another crippling blow, incapacitating them for who knows how long. Since the crunch struck last year, the markets have been in seizure. But, with the careful nursing by governments and central banks, they appeared to be on the slow road to recovery. No longer.

Fears about other banks' exposures to Lehman and renewed uncertainty as to where the crisis may strike next will freeze the wholesale markets up again. The crunch is back with a vengeance.

It's not hard to see why. Lehman's collapse into bankruptcy protection is the biggest corporate debt default in history and, in the complex interwoven world of modern banking, no one properly understands where the risks lie.

16th September 2008, 18:01
I like reading British financials. Our banks and market issues are very similar so it's good to keep up. Barclays' is in 'talks' to buy portions of Lehmans. Maybe it'll work out maybe not. By then some other thing will happen.