Greenlight’s Einhorn Predicted Lehman Brothers’ Fall; Buying Gold

By Jennifer Ablan and Joseph A. Giannone Mon Oct 19, 2009 5:17pm EDT NEW YORK, Oct 19 (Reuters) – David Einhorn, the hedge fund manager who had warned on Lehman Brothers’ precarious finances, on Monday said he is buying gold and betting that interest rates will rise as he lambasted the U.S. government’s financial chiefs [...]

A Bull in a Silver Shop

By The Mogambo Guru One of the most interesting news items I’ve found was on the cover of The Financial Times, where I learned that a guy named Lahde “made tens of millions of dollars from betting against the financial and property sectors during [the] past two years”, and he now wanted to thank “the [...]

Gold Still Knocking on $1000 Door

Mark O’Byrne submits: Gold: Gold is continuing to knock on the $1000/oz door without making a concerted effort either way to test resistance or support. Although there does not seem to be any particular pressure from profit taking, gold needs to push above $1,012/oz in the short term and $1,020/oz in the longer term for [...]

Whatever Happened to the Lehman Lads?

Bullion Vault Just look what happens when you let a financial system get to the edge of collapse… CASTING professional Seventies’ Geordie James Bolam as Bank of America chief Ken Lewis was an inspired choice. This week’s ridiculous BBC drama, The Last Days of Lehman Brothers, would scarcely be funnier without him.But really, to bring out [...]

Missing Lehman Lesson of Shakeout Means Too Big Banks May Fail

By Bob Ivry, Christine Harper and Mark Pittman Sept. 8 (Bloomberg) — The warning was ominous: “Massive global wealth destruction.” That’s what Lehman Brothers Holdings Inc. executives predicted before they filed the biggest bankruptcy in U.S. history. “Impacts all financial institutions,” read one bullet point in a confidential memo prepared for government officials obtained by [...]