The Collapse of Lehman Brothers and The Takeover of Merrill Lynch – Another World Financial Crisis ?

and perasan tak yang bursa malaysia pada hari ini jatuh mendadak

At noon break, losses in index-linked counters like Tenaga Nasional dragged the Kuala Lumpur Composite Index (KLCI) 15.86 points lower to 1,028.17. The CI opened 6.62 points weaker at 1,037.41. bernama

bukan kerna 16 september, tetapi tempias dek krisis kewangan terbaru di amerika syarikat

bursa saham di seluruh dunia mula menjunam. di eropah juga tidak terkecuali

saham tenaga nasional, salah satu blue chip di bursa saham juga jatuh

The share price of national utility giant, Tenaga Nasional Bhd, suffered losses due to investors’ “knee-jerk” reaction to news of the scrapping of the windfall profit levy on independent power producers (IPPs) and suspension of the power purchase agreement renegotiations with the IPPs. bernama

apakah kita akan melihat satu lagu krisis kewangan terhebat di abad ini ?

bagaimana dengan ekonomi amerika syarikat selepas ini ?

amerika sebagai pasaran ekonomi terbesar di dunia tidak boleh gagal kerana ini akan menyebabkan mana2 ekonomi yang ada kaitan dengan amerika terjejas teruk. kita juga ada hubungan langsung dengan ekonomi amerika.

Merrill Lynch is the world’s largest and most widely recognised stockbroker. Its dominance of retail stockbroking, with an army of 16,000 brokers around the world, and independent spirit on Wall Street earned it the moniker the Thundering Herd. It has also bolted on businesses, such as its hedge fund BlackRock, that are known to have proved enticing to Bank of America.

A combination of the two will create a global financial services giant involved in everything from fixed-income trading to stock underwriting to credit card lending, which will rival Citigroup, the biggest US bank in terms of assets. guardian uk

firma sekuriti ternama di amerika Lehman Brothers telah diisytihar bankrap !

manakala bank terkemuka dunia amerika Merrill Lynch bakal dibeli oleh bank of amerika untuk jumlah us50 bil

In one of the most dramatic two days in Wall Street’s history, Merrill Lynch agreed to sell itself to Bank of America for roughly $50 billion to avert a deepening financial crisis, while another prominent securities firm, Lehman Brothers, filed for Chapter 11 bankruptcy protection.

The humbling moves, which reshape the landscape of American finance, mark the latest chapter in a tumultuous year in which once-proud financial institutions have been brought to their knees as a result of tens of billions of dollars in losses because of bad mortgage finance and real estate investments.

They culminated a weekend of frantic around-the-clock negotiations, as Wall Street bankers huddled in meetings at the behest of Bush administration officials to try to avoid a downward spiral in the markets stemming from a crisis of confidence.

“My goodness. I’ve been in the business 35 years, and these are the most extraordinary events I’ve ever seen,” said Peter Peterson, co-founder of the private equity firm the Blackstone Group, who was head of Lehman in the 1970s and a secretary of commerce in the Nixon administration. herald tribune

bagaimana ini boleh berlaku ?

kejatuhan lehman brothers dipercayai ada kaitan dengan kejatuhan Bear Stearns awal tahun ini. ini juga ada kaitan dengan krisis sub prime yang melanda ekonomi amerika syarikat kebelakangan ini

Why did Lehman fail?

Lehman Brothers is considered one of Wall Street’s biggest dealers in fixed interest trading and was heavily invested in securities linked to the US sub-prime mortgage market.

With these investments now shunned as high risk, analysts say it was inevitable that confidence in Lehman Brothers would likely be hit – particularly after the collapse of Bear Stearns earlier this year.

In its June to August period last year, the bank said it would make write downs of $700m as it adjusted the value of its investments in residential mortgages and commercial property.

One year on this figure soared to $7.8bn, which last week resulted in Lehman reporting the largest net loss in its history. The bank also admitted that it still had $54bn of exposure to hard-to-value mortgage-backed securities.

Despite having access to cash reserves, worried investors pummelled the firm’s shares last week after talks to raise billions of dollars from outside investors ran into a brick wall. bbc news

walau apa pun yang berlaku, bursa malaysia juga menerima tempiasnya kan…

even alan greenspan pun comment pasal latest crisis neh

“Let’s recognize that this is a once-in- a-half-century, probably once-in-a-century type of event” _ the worst “by far” in his career, Greenspan said.

“There’s no question that this is in the process of outstripping anything I’ve seen, and it still is not resolved and it still has a way to go. And indeed, it will continue to be a corrosive force until the price of homes in the United States stabilizes. That will induce a series of events around the globe which will stabilize the system,” he added.

His best guess for that happening in early in 2009.

With more financial companies under stress, Greenspan said he suspects more institutions will fail. huffington post

harap2nya amerika akan dapat mengatasi krisis kewangan terbesar abad ini

ini kerana jika ekonomi negara terbesar itu jatuh, kita juga bakal terheret ke tepi gaung !


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