lehman

I agree that people overreact to something like the collapse of Lehman Brothers (an investment bank).

Our Varoufakis-illusioned prime minister thought that he could force a better deal from Eurozone members by blackmailing with a worldwide economic Lehman Brothers moment.

As soon as that black swan event happened and Bear, Lehman et al had to start marking losses on those MBS products, the market pounced.

I think the most interesting part was this: The payments would be 'IOUs' based on an experiment by California after the Lehman crisis.

CAE's in the [much larger] Lehman case cost ~$50M/year).

Bear Stearns and Lehman Brothers are investment banks.

That's very different; Iceland's total debt was tiny (compared) as it is a very small island (Iceland's debt was perhaps 1/12 the size of the debt held by Lehman Brothers).

Because this is Europe's Lehman weekend.

In fact the combination banks Glass Stegal would have prevented--BoA and Chase--were the banks who were strong enough to absorb the shitty failed banks--merill and lehman--that were often just investment banks.

>Our Varoufakis-illusioned prime minister thought that he could force a better deal from Eurozone members by blackmailing with a worldwide economic Lehman Brothers moment.

California Golf, Docomo, Lehman Brothers in 2008 by Nomura Securities (which have wiped out it's own shares), there's quite a list of acquisitions that have proven to be disastrous for these Japanese firms.

In the US, at least, the half-socialized sectors of the economy have been responsible for the biggest disasters -- S&Ls, Enron, and Lehman were all the result of smart capitalists exploiting dumb price controls.

As was said of a recent DeutscheBank lawsuit, "Lehman would still be in business if they hadn't had to mark their positions to market".

Some "Wall Street" banks do sell mortgages directly and would employ these mortgage offices, but a lot banks don't like Goldman Sachs, the former Lehman Bros.

""B-Link-Trees: Lehman and Yao’s paper actually discusses an innovation they researched related to concurrency and locking when multiple threads are using the same B-Tree.

By adding another pointer from each B-Tree node to the next sibling node — the so-called “right arrow” — one thread can search a tree even while a second thread is splitting a node without locking the entire index""" The big innovation of Lehman and Yao was that their right link technique obviates the need for "latch coupling", or in Postgres terms the crabbing of buffer locks.

According to Lehman, just before the crash, their CDS exposure was '...limited.' At debut Novembre Zynga's revenue from offers was ~33%.

Save for Lehman, which was allowed to fail, the large banks were bailed out.

Also, I think you are confusing most banks with the dealer broker model - Bear/Lehman/Merrill/Goldman/Morgan Stanley.