netting didn't go so well
Sep. 14th, 2008 11:39 pmhttp://www.cnbc.com/id/26707165
Didn't clear out much. Hmmm.
I would think that every time it goes A-> Lehman, Lehman ->B, there's probably a reverse somewhere. Unfortunately, 2 hours isn't enough time for people to realize that they shouldn't drag their heels in hopes that the money they owe Lehman isn't collected for a looooong, looooong time, since As They Do So Will They Be Done Unto.
And on a _conference call_? Yeesh. I'd like to see this done electronically, but I cannot imagine the facility to do so existing, or being creatable in a reasonable time frame. R. suggests we need a pit. He's probably right.
Didn't clear out much. Hmmm.
I would think that every time it goes A-> Lehman, Lehman ->B, there's probably a reverse somewhere. Unfortunately, 2 hours isn't enough time for people to realize that they shouldn't drag their heels in hopes that the money they owe Lehman isn't collected for a looooong, looooong time, since As They Do So Will They Be Done Unto.
And on a _conference call_? Yeesh. I'd like to see this done electronically, but I cannot imagine the facility to do so existing, or being creatable in a reasonable time frame. R. suggests we need a pit. He's probably right.