Way OT Banking

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Rusty
Advanced Levergunner
Posts: 9528
Joined: Mon Sep 03, 2007 6:37 pm
Location: Central Fla

Way OT Banking

Post by Rusty »

With all the news today about another finance house failing and going under I did hear something rather interesting. It seems one of the main debts that Lehman owed was a $460 Mil. loan to a Japanese bank who was fronting the money for the Cerberus group. Cerberus says they aren't concerned about the loan as it was "insured."

Strange coincidence don't you think???
If you're gonna be stupid ya gotta be tough-
Isiah 55:8&9

It's easier to fool people than it is to convince them they have been fooled.
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