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« Lehman and Merrill | Main | TCA-ETF Update Delayed »

September 14, 2008

Comments

VennData

Here's the SEC rule promulgated in 2004 that allowed ibanks to use their own models to set their leverage ratios:

Alternative Net Capital Requirements for Broker-Dealers That Are Part of Consolidated Supervised Entities

https://www.sec.gov/rules/final/34-49830.htm

hs

Very good summarization of the situation. Having so many positions with many different counter parties is not a good place to in.

I read somewhere else (https://blog.navelliergrowth.com/) that Lehman was just simply to big for another firm to swallow. The article also stated that the Fed just doesn't seem comfortable in bailing out a major U.S. financial institution, like you mentioned as well.

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