Comments on: Lehman Brothers is Pretty Much Toast

By: larry

larry — Wed, 17 Sep 2008 21:18:47 +0000

Have you ever been at the NYC UJA Hanukkah Dinner where the top Wall Street leaders “call cards” and Ace Greenberg pledges a million, as do Tisch and Zicklin and others?

I have.. and it is quite an experience.

The rule of thumb is that for every drop of 10% in Wall Street bonus payments, the State of New York loses over $700 million in tax revenue.

Just think of the freezing effect this has on Jewish charities and philanthropy endowments.

They say that in Virginia Beach/Norfolk, after the Orthodox Jweish investment pyramid scheme scandal this year, that the Jewish Federation had to cut programs and services since their benefactors lost so much money.

So as Wall Street sinks and staffers lose jobs and investors lose assets, Jewish social services (sorry to be so parochial) will lose funds

By: Yael

Yael — Wed, 17 Sep 2008 19:21:03 +0000

This is really sad. 5,000 jobs lost in London and its not helping the UK economy at all.

By: ck

ck — Mon, 15 Sep 2008 14:25:21 +0000

Merryl Lynch got eaten by Bank of America. WAMU? I think they can hold off a little longer.

By: DiGiTaL

DiGiTaL — Mon, 15 Sep 2008 14:19:12 +0000

Wamu is next on the chopping block. The outlook is grim, heading for the inevitable depression. Anyone get the feel this can end up like Pre WWII Germany? My financial advice, by property in Israel.

By: Larry

Larry — Mon, 15 Sep 2008 13:12:21 +0000

Governor Lehman.. where be you?

And so goes one of the last surviving brand names of the “OUR CROWD (Stephen Birmingham coined the word) NYC German Jewish families of the early 20th Century… Names who set up their own banking firms, married within themselves to create dynasties, and quietly fight anti Jewish sentiments in America. Names like Seligman, Guggenheim, Loeb, Kuhn, Bache, Lewisohn Abraham as well as Straus, Goldman with Sachs, and even Altschul (now I think with MTV and not with banking hehe).