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Day 80.4. Live From The Navy Memorial – Declassify and Seize Assets
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A Deluded Banker’s Tale of Lehman’s Last Days by Tyler Durden Fri, 09/14/2018
Authored by Shuli Ren, first published on Bloomberg
On a Sunday night 10 years ago, I was sitting alone in my midtown Manhattan apartment on 46th Street, preparing to dial into a conference call to discuss the impending demise of my employer: Lehman Brothers Holdings Inc.
That morning, Sept. 14, it had become widely accepted that Lehman would go into bankruptcy. Farewell and personal-contact emails started to stream in from colleagues. I wondered whether we would be able to return to work Monday.
The call was like a tall glass of Kool-Aid. Lehman would probably find a buyer, and as part of the “good bank,” our team would be on safer ground, we were told. We could also market our group and perhaps find a new home. I drank with gusto.
I, and probably many others, thought there was no way Lehman would be liquidated, and that my quantitative equity research group would be all right.
Sure, Lehman held toxic assets. But for years, it had also housed Wall Street’s top-ranked fixed-income and equity research divisions. They must be of some value. We weren’t greedy bankers who packaged rotten meat into fancy sausages; we were the good ones, I reasoned.
For me, a senior associate, the final days of Lehman weren’t the Fall of Rome or the sinking of the Titanic. It was eerily quiet at 745 Seventh Avenue. I was running regression models and documenting my work — all the way until October — in an emptying office.
It was easy to be in denial. We had become used to walking by rows of empty desks piled with used BlackBerry mobile phones — a daily reminder that Lehman, and other firms, had already cast thousands out into a banking equivalent of “The Hunger Games.” In the 12 months through October 2008, New York City shed about 16,300 securities industry jobs.
So the best course of action was to hang on, work hard and prove our group’s worth. Once out, we could be staring at years of unemployment, fighting with multitudes for a handful of openings.
During the ensuing month, things almost started to look up. Barclays Plc bought Lehman— and us — some time. We chatted with a few hedge funds and even met with my current employer, Bloomberg LP, which was just starting to develop in-house credit research tools.
The real crash for me came on a bleak October Friday afternoon. Our managing director was fired and we all knew our Enterprise Valuation Group was done. I started sending out my resume.
Looking back, the writing was all over the wall. Our group was overly ambitious, deploying our research for prop trading as well as trying to sell to third parties. Barclays had no appetite for this oddball hybrid; all it saw was a cost center. But having developed so much camaraderie with colleagues, we were too emotionally involved and it was hard to see clearly what was happening.
When I left Barclays in February 2009, it felt like the end of the world. Ten years on, the U.S. stock market is having a record bull run. Our group’s capital structure arbitrage model, which predicted companies most likely to reward investors with cash, would have worked beautifully in a market that has since handed out $7 trillion in dividends and buybacks. Our group was ahead of its time.
Lehman’s bankruptcy left its mark. Afterwards, whenever my employer announced a restructuring, my first instinct was to calculate how much time I had before getting the boot. But the bankruptcy also teased me out of my comfort zone and gave me a taste for adventure. Seven years ago, I switched careers, moved continents, and now am happily writing columns about crazy rich Asians.
Source: Zero Hedge
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Brit Hume Proves Once Again that GOP Elites Can Never Be Trusted to Lead Ever Again
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Jim Hoft for the Gateway Pundit reports, Today is the 17th anniversary of the 9-11 Islamist attacks on America.
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What Damage Did Florence Do to Nuclear Power Plants
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The Angels, How You Can Help in Tough Times
The Angels, How You Can Help in Tough Times
September 14, 2018
by Carolyn Hass Zaiser
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If you are a gamer, my sons’ channels are here:
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China Prepares To Unleash Pearl Harbor Attacks On US Forces Throughout Pacific & US Mainland 9-14-18
What Is Asgardia? Why Are ‘They’ Creating a Country and Recruiting Souls?
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NEWS Solar Observatory Shut Downs- Planetary Shift Disclosure?
(Teresa Yanaros) A recent surge in observatory closures has sparked international media interest and has caused an uproar across communities speculating as to the cause of this phenomenon.
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9/14/2018 — M6.0 Earthquake strikes Papua New Guinea @ warned location — Forecast area hit
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Marker height off the globe represents depth into the Earth.
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The most recent earthquake has a green placemark / flag on it.
Blue flag / placemark = the last earthquake which was looked up
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Warning flag? Photos released by US Army raise concern over French troops in Syria
New pictures released by the US Army appear to inadvertently expose a much larger French military role in Syria than previously thought.
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Friday, 09/14/2018 False Flag Weekly News
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False Flag Weekly News is a weekly investigative news program that covers extremely controversial subjects. We want to remind our viewers that “Questioning” of Official Government or Mainstream Media Stories Is Not Hate Speech, nor is it Fake News, it is Free Speech that is protected by the 1st Amendment to the US Constitution.
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The False Flag Weekly News anchored by Dr. Kevin Barrett and Prof. Tony Hall looks behind the headlines and main stream media stories to get at what’s really going on in the world. From violations of international law to initiating WWIII, you don’t want to miss what they and their guests have to say about the stories behind the stories.
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“He’s Going to Kill Me!” GOP Candidate BREAKS SILENCE After Attempted Murder From DERANGED Liberal
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Maxine Waters appears to have hit jackpot after Farzad Fazeli allegedly attacked Republican Candidate Randy Peters. Ryan Saavedra for the Daily Wire reports, California law enforcement officials arrested Fazeli for allegedly assaulting a Republican congressional candidate in what appears to be a politically motivated attack.
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Trump’s Planned Executive Action to Block Censorship Has Been Derailed by WH Traitors
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Day 80.3. Manafort Plea Summation
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War games: Russia’s self-propelled multiple rocket launcher system in action
Courtesy: Russian MoD
Russia’s self-propelled multiple rocket launcher system, BM-27 Uragan, was launched at the main stage of the Vostok-2018 manoeuvres on Friday, according to the Russian Defence Ministry.
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Vostok-2018 drills: Russian anti-aircraft missile troops repel simulated air attack
Courtesy: Russian MoD
Footage features Russian anti-aircraft missile troops and military air defence from the Central and Eastern military districts repelling a simulated air attack at the Zabaikalsky Krai’s Telemba firing range as part of the Vostok-2018 drills.
According to Russian Ministry of Defence, the simulation involved radar stations detecting over 30 airborne targets flying at different heights and speeds. Target information was then passed to the S-400, S-300, Buk, and Tor anti-aircraft missile, as well as Pantsir-S medium-range surface-to-air missile systems. All the simulated targets were successfully eliminated.
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9/14/2018 — New spread of Earthquakes across whole Southern Hemisphere — 3 day watch
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______
Earthquakes can systematically trigger other ones on opposite side of Earth (antipodes)
______
Professionals now adopting “GLOBAL EARTHQUAKE FORECASTING MODELS” which have been proved correct: https://ift.tt/2JkaY28
_______
*disclaimer* The comments seen on the 24/7 earthquake live stream are not endorsed by, nor do they reflect the views of the creator of this youtube channel. All comments are assumed to be the responsibility of the end user who caused the generation of text, emojis, or symbols of any kind in chat ( or by whatever means the characters presented are generated).
Watch all updates, backups and copies here on coppertropicals channel : https://www.youtube.com/channel/UCjq4pjKj9X4W9i7UnYShpVg
______
Southern California Slow Slip article + Studies : https://ift.tt/2y71ihQ
Monitor Slow Slip tremors in the Pacific Northwest: https://ift.tt/2pha5fs
Search Antipodes (opposite sides of the planet) here: https://ift.tt/2eUbYtS
Download the full (paid) version of earthquake3D here :
https://ift.tt/2bGGVxF
Free version here:
Earthquake3D interactive live feed :
We (dutchsinse and viewers) are not associated with Earthquake3D’s creation, maintenance, or development. We receive no compensation for recommending this application, and have no relation with (or to) the programs developer(s).
If you would like the full paid version, please purchase a copy directly from the program creators website which is linked above, so they receive full compensation for the hard work they put in creating this wonderful seismic monitoring program!
______
Earthquake Resources:
Check tsunami warnings issued by the US agencies here:
Pacific Tsunami Warning Center:
Alaska Tsunami Warning Center:
National Data Buoy Center (NDBC) buoy monitoring:
Deep-ocean Assessment Reporting Tsunamis (DART) buoys:
______
Global Earthquake Monitoring Links (multiple agencies worldwide):
USGS main earthquake reporting site:
European / EMSC main earthquake reporting site:
New Zealand Earthquakes:
Japan Earthquakes:
Live streaming Japan earthquakes:
https://www.youtube.com/channel/UCyMW-_pfjsTG76c9tP5SErg
_______
Volcanic Ash Advisory Center (VAAC):
https://ift.tt/2HurQ2n
_______
The non-earthquake related graphics, images, background, content , video, voice content captured on this property , and which are on this stream are NOT intended for redistribution, copying, or repeating unless otherwise approved by the content creator, Michael Janitch aka Dutchsinse on youtube.
________
Marker height off the globe represents depth into the Earth.
When an earthquake strikes, you will hear a rumble, ding, and a bell toll. The bell will toll the number of times = to the earthquake which occurs. (example : M4.0 will ring 4 times).
The most recent earthquake has a green placemark / flag on it.
Blue flag / placemark = the last earthquake which was looked up
View on YouTube
Day 80.2. At Manafort Plea Bargain
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The Zombie Wasteland In the Path of Hurricane Florence
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Top Dem Makes CRITICAL ERROR At Memorial Service With INSANE Comparison
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Emily Zanotti for the Daily Wire reports, There have been some hot takes on the 17th anniversary of the 9/11/2001 attacks, but Sen. Angus King (D-ME) may have the hottest — and most disturbing — telling a group gathered to honor victims of the attacks that alleged Russian meddling in the 2016 election is both akin to and an continuation of the Al Qaeda-sponsored terrorism that left more than 3,000 Americans dead.
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ROGUE MORNINGS – Economic Chaos & Q Exposed?
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‘Suppressing free speech’: Facebook suspends #Walkaway founder’s account
The founder of the “WalkAway” campaign, Brandon Straka, found himself banned from Facebook this week. It came after he announced an interview with the controversial InfoWars media platform. The ban, however, was lifted shortly after.
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BOOM! Illegals PETRIFIED After Trump DOJ Increases The One Thing That Will Get Them DEPORTED FASTER!
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Charles Fain Lehman for the Washington Free Beacon reports, Attorney General Jeff Sessions announced Monday that there are more immigration court judges than ever, a number he intends to see even further increased by the end of the year.
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Copyright Disclaimer: Citation of articles and authors in this report does not imply ownership. Works and images presented here fall under Fair Use Section 107 and are used for commentary on globally significant newsworthy events. Under Section 107 of the Copyright Act 1976, allowance is made for fair use for purposes such as criticism, comment, news reporting, teaching, scholarship, and research.
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Lost fight: German environmental activists removed from tree house camp
Environmental activists fighting to protect an ancient woodland in Germany, have clashed with police, after authorities attempted to clear their tree house camp.
They’ve occupied the site for years, as part of a bid to block the building of a coal mine there.
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Conspiracy Daily Update 