• Are Treasuries The Last Diversifier Left?
    Leo Kolivakis
    07/30/2010 - 17:29
    In the first quarter, the US economy grew by 3.7%, revised up from an originally reported 2.7% increase. But growth estimates all the way back to the start of 2007 were revised lower. Moreover, the level of real GDP in Q1 was revised down by $100 billion. Does this mean the secular bull market in bonds will continue? And are Treasuries the "last diversifier left"?
  • Japan: Land of the Rising Debt
    Vitaliy Katsenelson
    07/30/2010 - 13:51
    The Japanese economy operates on the assumption, soon to be proved false, that the government will always be able to borrow at low interest rates. As internal demand evaporates, the government will have to start hawking its debt outside Japan — in a more realistic world, where interest rates are a lot higher.
  • An Open Letter to President Obama
    Phoenix Capital Research
    07/30/2010 - 09:55
    Dear Mr. President, You don’t know me, but I was one of the millions of Americans who voted for you in the last election. I have since been fairly critical of your Presidency largely because I, like many others, feel betrayed by the policies you have enacted upon winning said election.

2,200 Page Report Detailing Lehman's Collapse To Be Made Public Shortly

Tyler Durden's picture
Submitted by Tyler Durden on 03/11/2010 15:45 -0500



The 2,200 page report prepared by examiner Anton Valukas detailing the collapse of Lehman Brothers, will be declassified, as, according to wifebeater Judge Peck, it reads like a "bestseller", and is "one of the most extraordinary pieces of work product I have ever encountered." Now, for the first time, we will get an objective analysis into Dick Fuld's allegations that short sellers were responsible for the death of his firm, and just how it is that Barclays managed to (metaphorically) steal the perfectly solvent North American brokerage division for pennies on the dollar (with the Judge's blessing in the first place).

Reuters reports:

Valukas said in court he expected the report would be made publicly available within the next few hours, and before the close of business.

The 2,200 page report was filed under seal with the court in February, and has been withheld from public view because the examiner obtained much of the information subject to confidentiality agreements.

We will bring to you this monstrosity as soon as it is released, as we are confident it will be a far more enthralling read that most of the books discussing the financial crisis written to date.

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by molecool
on Thu, 03/11/2010 - 15:55
#262282

More bear p0rn I'm sure. But it doesn't change the fact that anyone crazy enough to short this tape has been experiencing a rectum realignment in the past year. So - fine - I'll read it - but I doubt there will be any investigations of substance resulting in indictments and/or arrests.

by Mongo
on Thu, 03/11/2010 - 16:00
#262286

Will it tell the truth... or the "truth"?

by Howard_Beale
on Thu, 03/11/2010 - 16:08
#262297

Will there be a Kindle edition?

by infotechsailor
on Thu, 03/11/2010 - 16:25
#262324

when I was a federal employee, we all used barclays to manage our retirement fund (TSP Thrift Savings Plan). http://www.tsp.gov/

by carbonmutant
on Thu, 03/11/2010 - 16:46
#262352

A nine-volume report ??... The Valukas version sounds like one of Ron Hubbard's science fiction novels.

by carbonmutant
on Thu, 03/11/2010 - 16:54
#262362

Lehman failed because it was unable to retain the confidence of its lenders and counterparties and because it did not have sufficient liquidity to meet its current obligations.  Lehman was unable to maintain confidence because a series of business decisions had left it with heavy concentrations of illiquid assets with deteriorating values such as residential and commercial real estate.  

Confidence was further eroded when it became public that attempts to form strategic partnerships to bolster its stability had failed. And confidence plummeted on two consecutive quarters with huge reported losses, $2.8 billion in second quarter 2008 and $3.9 billion in third quarter 2008,without news of any definitive survival plan. "

-Executive Summary Examine's Report

by godzila
on Thu, 03/11/2010 - 16:58
#262371

yum yum... seems the WE will be studious

by AnonymousMonetarist
on Thu, 03/11/2010 - 17:23
#262398

For the younger generation, i.e., the reading impaired, the Federales have kindly provided a video version ...

http://www.youtube.com/watch?v=sCMXUP2Rm18

by Anonymous
on Thu, 03/11/2010 - 17:29
#262409

here's the link, you can read this right after the health care bill

http://lehmanreport.jenner.com/

by Anonymous
on Thu, 03/11/2010 - 17:47
#262438

does it start with Revelation 23:1?

by repete
on Thu, 03/11/2010 - 18:17
#262476

A lot of really smart people think that another important report needs some explaining.

http://www.ae911truth.org/flashmov11.htm

by dark pools of soros
on Thu, 03/11/2010 - 20:37
#262642

we are the great satan...  bleed for the beast

by Anonymous
on Fri, 03/12/2010 - 02:24
#262986

this report fills in the part where we have, for months, said, lehman failed because of.........many will speculate again, i however, choose to learn. This report changes everything. kudos.

by mark456
on Thu, 04/15/2010 - 08:15
#301753

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