Wall Street Manna

An irreverent look at Wall Street

Tuesday, September 16, 2008

Goldman: Not interested in buying a bank

Why would they be?

The bank would then know what Goldman has for their Level 3 assets.

When the "buyers" got a look at Lehman's assets, the stock was toast a week later.

It was the same with AIG.

And that's the judgement the market is meting out.

At least in this market of hysteria!

And today it looks like the hysteria is deserved.

1 Comments:

At September 16, 2008 at 5:30 PM , Anonymous Anonymous said...

Now that Lehman is bankrupt, what will be price of their stock eventually? Thinking of buying some now for eventual rise!! When will it rise?

 

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