Lehman Brothers bites themselves in the ass with credibility issues

On July 19, 2007 Lehman Brothers rejected suggestions that they are exposed to subprime problems. Many companies made statements in the summer of 2007, in part because their shock and disbelief caused those companies to say just about anything. Remember Countrywide in July 2007? But we had a problem with Lehman Brothers rejection of exposure …

Will subprime spread to commercial real estate?

There were some big winners when the subprime market went into the tank, and many believe we should watch those winners for future indicators. These people are not singing the mortage blues, and in fact made plenty of money by correctly seeing the future. Here is what they see now: Traders who bet against the …

10000 Layoffs Just at AT&T brings focus on subprime

Adding to mortgage blues are layoffs like we see here. AT&T Inc. plans to eliminate about 10,000 jobs after completing the $67 billion purchase of BellSouth Corp. The reductions will come in 2007 through 2009, Chief Financial Officer Rick Lindner told analysts. The connection that some people fail to see is that one of AT&T’s …