Home > Memento > Russia halts trading after 17% drop (Lehman & Merril)

Russia halts trading after 17% drop (Lehman & Merril)

9/15 will be?remembered?as bank bust day. Lehman out, Merril sold, one more day left for AIG. Bad Bad Good? Maybe this was needed and intentional. I can see various conservative economics professor advisors seated in a room with the President, telling him to kill some so the market will collapse. Collapse it did, but?remember?who’s money they were all courting, India, China, Russia and the Arabs. They took a heavier beating than anybody else, so this seems like a [RESET] time to put all those that made too much in speculation or suppling raw material for speculation poor in a day, comparable to [GO DIRECTLY TO JAIL, DO NOT COLLECT 200] while the western economies prepare {GET OUT OF JAIL FREE / PASS GO COLLECT 200] card for themselves in the aftermath. Lehman, collateral damage, sucks being number 4, you gotta be the top 2 and eventually merge to a monopoly. Of course antitrust laws make this impossible now, but what if it had to happen??

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Russia halts trading after 17% drop (FT.com)

By Rachel Morarjee

Published: September 16 2008 15:07 | Last updated: September 16 2008 15:07

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