Loyds to buy HBOS

[sasguru]

That's the main problem - those bank types seem to be following the dinosaurs - soon the City will be mainly the place for tourists to see the tall buildings from which (w|b)ankers were learning how to fly

The City has been around for 400-500 years and been through Tulipmania, the South Sea Bubble, the plague, the Great Fire, the Blitz. You think this minor stuff will make any long term difference, then you're a dunce

[SandyDown]

The City has been around for 400-500 years and been through Tulipmania, the South Sea Bubble, the plague, the Great Fire, the Blitz. You think this minor stuff will make any long term difference, then you're a dunce

we are not talking about the old walls abd briks, we are talking about the brands and the big signs on hem walls.

[AtW]

The City has been around for 400-500 years and been through Tulipmania, the South Sea Bubble, the plague, the Great Fire, the Blitz. You think this minor stuff will make any long term difference, then you're a dunce

This time it's different (tm).

City would have to downisize big time - probably more than house prices got to drop in this country.

[sasguru]

This time it's different (tm).

City would have to downisize big time - probably more than house prices got to drop in this country.

It's really not worth talking to you because you're so ignorant and not very bright.

[snaw]

This time it's different (tm).

City would have to downisize big time - probably more than house prices got to drop in this country.

That has to be the quote of this boards lifetime.

[TimberWolf]

This is nothing compared to the doom to come when fossil fuels get scarce. We might as well get used to small upsets like this. It was great living off the credit boom our ancestors left us while it lasted though eh?

[AtW]

It's really not worth talking to you because you're so ignorant and not very bright.

Those 5000 no doubt very bright Lehman Brothers employees in your opinion will be snapped up by City banks who would be eternally grateful for fresh infusion of new talent?

[TimberWolf]

I imagine speculators will be having a field day today. It's the long term investors who shat it out that have been shafted?

[sasguru]

Those 5000 no doubt very bright Lehman Brothers employees in your opinion will be snapped up by City banks who would be eternally grateful for fresh infusion of new talent?

Round about 12-20 people decide the fate of a company.
There are a lot of very bright Lehman employees and I have no doubt these will do OK.

[AtW]

There are a lot of very bright Lehman employees and I have no doubt these will do OK.

If they are so bright why didn't they jump the boar earlier? Or maybe decide not to work for them in the first place? Or maybe not even buy that subprime derivative crap?

I don't see many of them getting jobs in this climate - Arthur Andersen on CV would sound more attractive to me than Lehman Brothers.

Frankly those guys are lucky they are not going to jail for the kind of crap they pulled - perhaps now some of them would have to do an honest day of work to actually earn some money rather than "make" it.