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Mystery of the Day: Who Wrote This Email to the Fed Just Before Lehman's Collapse?
Submitted by EconomicPolicyJournal.com
And, here it is....
Feel free to leave your best guess(es) in the comments along with your reasoning. We have our own, but will wait to disclose so as not to corrupt the noodling process.
On another note, doesn't this pretty much destroy the systemic risk argument that was used to justify the sweeping changes to the bankruptcy code in 2005, which grants exemptions for derivatives and repos from automatic stay? In other words, if all the counterparties to a bankrupt entity can liquidate the counterparty's collateral they're holding for repos and derivative trades, doesn't that fuel the "wave of selling unlike any we have seen before"?
Thank you ISDA.
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Randal Quarels, Carlyle Group, Plunge Protection Team. Former Under-Secretary of the Treasury. He knows all of the "right people".
Smells of the Squid
Ken Lewis. No reason, just someone that no one else has picked. I had originally thought Geithner and Dimon but those were taken.
Paul Volcker
Steve Buscemi?
Bush
Paul Volcker
Barney Frank or Chris Dodd?????? Because they're so smart and care so much about the country and markets and doing the right thing and financial stability and insider trading????
Lloyd Blankfein
Now THAT is funny!
Kyle Bass........?
Ron Paul?
Paige Wilhelm from Federated. It's a guess but she runs big MM funds and I am sure they had small direct exposure to Lehman.
marla
Dimon?
Does the winner get 10 shiny 1 oz. gold coins? Puhlease?
Sounds like Geithner, especially with the request to use an exchange-traded mechanism to get New Fed/counterparty trades away from Blankfeins and Dimons and other Muppets.
The suggestions made were spot-on, btw.
Mr BRICs over at the Squid?
rothschild's barclay's manager? yep, they bought the remnants of lehman bros.
http://news.bbc.co.uk/2/hi/business/7620306.stm
Kermit from his MuppetBerry?
Brooksley Born
Bill Gross?
Bernie Cornfield....oops....wrong criminal period of time....
Walter Lukken CFTC.
Santa? No, then how about The Shadow, who knows what evil lurks in the hearts of men....
Jaime Zirconium!
It was none other than Tiny Tim himself. Geither uses "game over"
I don't think Tim, as president of FRBNY, would need to disclose to another Fed guy that "we have exposure to Lehman".
Jon Corzine!!!
Something this intelligently written? Nancy Pelosi. No doubt about it.
Hank Paulson?
Paulson is my pick as well.
Agree H-H-Henry Merritt /Kermit, what's in a name, Paulson and presto the Goldman "Muppet" term linked in one fell swoop.
Must be Linda Green
That's not her signature -- she ALWAYS signs EXACTLY the same way!
The author was none other than Nancy Hazard of Orlando, FL, the same author of the War on Terror, and al Qaeda LLC. The prettiest racketeer at the finance-fuckoff.
What difference does it make in the land of fraud and social crime Inc? Too big to fail is a dead end (no one sees) with one purpose - a broken market is a controllable market to fuck over US taxpayers. Right Tim?
Goldfuck Sacklickers got the bailout of bailouts with bank holding status, no depositors, and record fag bonuses... MISSION ACCOMPLISHED, HANK, NO ONE SAW THE END OF THE UNIVERSE LIKE YOU!
The entire story is an itch created purposefuly for profit remedies -- same as it ever was with the 99% Corporate screwing now on two generations.
FUCK THE BANKS, FUCK THOSE THAT WORK FOR THEM -- END BOTH!!
Who's Nancy Fuckoff?
It's a mystery, surrounded by an enigma, covered up with bullshit.
Me.
Some Fed official.
Tyler durden?
Hopefully, Jamie D
Wish it was, Buffett
Fact is, Buffett doesnt use technology, nor would he be so stupid. People in very high places who are doing things on the edge, do not use email/txt with sensitive communications simply because of things like this. Nor do people aspiring to join said people.
It will be interesting to see if this was from someone who's still in the game or someone who was taken out during the re-shuffling of the deck? [Read "When Genious Failed" and you'll begin to see how small the club is.]
Have to agree with you re: Buffet. He does not personally use email. It's possible one of his "girls" could have written it...
http://www.economicpolicyjournal.com/2010/05/ace-greenberg-girls-use-e-mail.html
...but it would have come from her own email address and would not be written in the first person.
The only way this came from Buffet was if he expected it to someday be public. But then, why censor the "From" email?
It's not Buffet.
A whiney Muppet.
It's painfully obvious who wrote it:
It was (b) (4), of course! [/sarc]
Or perhaps Gerald Hassell (Bank of New York Mellon) or Jamie Dimon (JPMorgan Chase), based on my two-second research on Wikipedia:
http://en.wikipedia.org/wiki/Repo_market#Tri-party_repo
"In the US, the two principal tri-party agents are The Bank of New York Mellon and JP Morgan Chase"
someone with significant counter party risk? what's great is they now speak of 2008 as if it WILL Never happen Again..! right.
Memories...
http://www.youtube.com/watch?v=rOVXh4xM-Ww
"Sent from my BlackBerry ..." just look for somebody who was still in love with their Blackberry in September 2008 ... and who is smart ... so, today they are using an Iphone ... that shouldn't be too hard to narrow down.
;-)
Barack Obama?