Archive for » November, 2018 «

LIMERICK ON AVERAGES

LIMERICK ON AVERAGES


By Carlos M—-18 Feb 2011—-Limerick #68121


I am average in height and in weight;
To be average, for life, is my fate.
Neither handsome nor smart,
I possess a kind heart.
“You are middling, but mine,” says my mate.



COMPILED BY J S BROCA 30TH NOV 2018
LINK:https://www.oedilf.com/db/Lim.php?button=Search&Word=HEART%20&Start=240

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Limerick on reason why she cried

Limerick on reason why she cried 


By J. E. Pettit : 06 Jun 2008


Limerick #34327


With a husband at last by her side,
She was happy as ever, and cried.
Why the wedding day tears?
She had always—for years—
Been a bridesmaid, but never the bride.


COMPILED BY J S BROCA 29TH NOV 2018
LINKhttps://www.oedilf.com/db/Lim.php?button=Search&Word=WEDDING&Start=80
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Lehman Lynched…RE-VISITED

Lehman Lynched…RE-VISITED


We all have read about the fall of Lehman and takeover of Merryl by BOA. Here’s what I had written to Financial Express in SEPTEMBER 2008 :


This refers to your editorial “Lehmanaging finance” (FE 16.09.08). What has happened to Lehman Brothers now in 2008 is a grim repeat of the Great Depression of 1931. It appears that Merryl Lynch somehow wrangled to avoid bankruptcy by finding an Angel Investor in Bank of America. Such well known icons of the global financial world, falling down from their high and mighty pedestals like a pack of cards indicates that their fundamentals were weak and their foundations were hollow. We Indians looked at them as pillars of strength and often had grandiose plans to grow to their heights but the real picture was a facade behind which lurked murky matters and financial juggleries which caught their investors unawares. Let our RBI and Finance Ministry take a leaf out of the books of these two mishaps to learn a lesson and take corrective measures to ensure that such sudden and shocking falls in stock markets are prevented. Greed and Fear are the main culprits of such excesses. It is also likely that some other big brothers like Goldman Sachs may see similar fate looking to the fact that its third quarter earnings plunged massively by 70%. Our own banks like ICICI and SBI are also likely to suffer huge damage to their reputations by making high provisions to cover their investments in Lehman’s Indian arms. The need of the hour is that “Big Bosses” of RBI/FINMIN/SEBI should get together and plan to put in place required risk control measures in public interest and in the interest of financial stability. Every time such shocks surface, our people who sit on the top of our financial systems, merely mouth dialogues like: “The fundamentals of Indian economy are really strong”. It is high time our financial pundits did a thorough study and come out with a detailed analysis of our financial system so that Indian investors are not taken for a ride by such shocking shake-ups.


J S BROCA, New Delhi.


LINK FROM MY BLOG http://seeingwithc.org/jsblog/?p=62


POSTED ON 22.09.2008…. 33 RESPONSES WERE RECEIVED FROM READERS ALL OVER THE WORLD !!


THIS IS WHAT FE HAD WRITTEN —-


FE Editorial—Lehmanaging finance


 The Financial Express | Updated: Sep 17 2008


 Americas fourth-largest investment bank, Lehman Brothers, filed for bankruptcy on Monday after talks with the Bank of America and Barclays failed to end in any settlement over a possible purchase/rescue. One can hardly blame potential suitors. Lehman, like may other struggling Wall Street firms, is carrying too many mortgage-based securities that have become toxic after the collapse of the US mortgage market. Fannie Mae and Freddie Mac were nationalised. Bear Stearns was rescued. Merrill Lynch saved itself by selling itself cheap to Bank of America. AIG, the US insurance giant, is looking for a saviour or looking at bankruptcy. There are others on Wall Street that may have switched their thoughts from bonuses to survival. But the spotlight will eventually have to shift from planning rescues to diagnosis. And thats from where a danger even bigger than a financial crisis can come.


First, on the issue of managers taking excessive risks, remember that risk is the motor of financial openness. Ridiculous bets, like the ones on US mortgage appear to be now, are avoidable, but the job of looking at that should be with shareholders, not a micro-managing regulators. Over-regulation will not help anyone, including the ordinary Joe, who needs an open system to be financially included. Second, maybe Alan Greenspan wasnt God. Greenspan, it is clear now, let too much money into the system and kept interest rates too low for too long. This meant financial institutions had a lot of cash and not enough returns from conventional instruments (rates were too low) and had the incentive to create products whose real economic basis wasnt sound enough. That doesnt mean the managers responsible shouldnt paythey should and in some cases they are paying; Lehmans top management isnt going to make a packet out of bankruptcy. But it does mean that the liability of regulators should be assessed more sophisticatedly, not just by screaming about their inability to punish bad boys. Third, no one should forget the gains of an open financial system, gains that accrue continuously and gains that outweigh the losses of infrequent crises. Countries that have liberal finance have more dynamic real sectors. As India looks at the Mistry and Rajan reports on financial openness, this is the lesson to be learnt from America. Sadly, there are too many people in this country who will argue, by pointing to Lehman, Bear Stearns, etc, that puny banks and over-regulated finance are Indias national jewels.


TODAY ON 28TH NOV 2018 AFTER MORE THAN 10 YEARS, WHEN I GOOGLED Lehman Brothers, I GOT About 1,85,00,000 results in 0.54 seconds!


 Lot of interest had cropped up in the media and internet.


Here are some obvious Qs and As:


Q1. Who was the CEO of Lehman Brothers when it failed?


Richard “Dick” Fuld, was the CEO who led investment bank Lehman Brothers up until its failure at the start of the Financial Crisis.


Q 2. Who were the Lehman Brothers?


In 1847, following the arrival of his brother Emanuel Lehman, the firm became “H. Lehman and Bro.” With the arrival of their youngest brother, Mayer Lehman, in 1850, the firm changed its name again and “Lehman Brothers” was founded. During the 1850s, cotton was one of the most important crops in the United States.


Q3. Who bought Lehman Brothers?


Bank of America leapt into the maelstrom and bought Merrill Lynch for about $50 billion. Early the next morning, Lehman Brothers announced its bankruptcy filing. Lehman soon sold its investment banking and capital markets operations to Barclays for $250 million.


Q4. When did Lehman Brothers go under?


September 15, 2008. The filing for Chapter 11 bankruptcy protection by financial services firm Lehman Brothers on September 15, 2008, remains the largest bankruptcy filing in U.S. history, with Lehman holding over US$600,000,000,000 in assets.


Q5. What caused the 2008 financial crisis?


The financial crisis was primarily caused by deregulation in the financial industry that permitted banks to engage in hedge fund trading with derivatives. Banks then demanded more mortgages to support the profitable sale of these derivatives. That created the financial crisis that led to the Great Recession.


 THOSE WHO ARE INTERESTED TO KNOW MORE MAY GO TO:


https://en.wikipedia.org/wiki/Lehman_Brothers


SEVERAL CASE STUDIES HAVE BEEN DONE AND DISCUSSED for example:


Here is one link that I liked and have shared—


https://www.investopedia.com/articles/economics/09/lehman-brothers-collapse.asp


MANY MORE HEADLINES ARE THERE FOR YOUR READING PLEASURE:


Lehman Brothers collapse: A race to the bottom


5 things you need to know about Lehman Brothers


The Lehman Brothers Collapse and How It’s Changed the Economy


Life after the Lehman Brothers collapse


Shock and awe: the aftermath of Lehman Brothers’ collapse


A decade after the Lehman Brothers’ collapse, finance remains a major risk


ENJOY READING AND COMMENTING


J S BROCA  28TH NOV 2018


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Limerick on forgetful husbands

Limerick on forgetful husbands


By Art Bates——21 Oct 2007


Limerick #36364


Anniversaries happen each year.
Be they natal or wedding, the dear
Can remember them, yet
Husbands tend to forget—
With apologies always sincere.


COMPILED BY J S BROCA 28TH NOV 2018
LINK:https://www.oedilf.com/db/Lim.php?button=Search&Word=WEDDING&Start=50

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Limerick on Appendectomy

Limerick on Appendectomy


By David—02 Aug 2005…Limerick #6338


Appendectomy patient, O’Dare,
Asked the nurse-aide to shave off his hair,
But she put up resistance
By keeping her distance —
She knew what lay waiting down there.


COMPILED BY J S BROCA 27TH NOV 2018
LINKhttps://www.oedilf.com/db/Lim.php?button=Search&Word=NURSE&Start=30

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Limerick on an antiseptic

Limerick on an antiseptic


By Type A—15 Dec 2005


Limerick #11482


An infection can make you dyspeptic;
In this I believe — I’m no skeptic.
When germs are a scourge
What most doctors will urge
Is the use of a strong antiseptic.


COMPILED BY J S BROCA 26TH NOV 2018
LINK:
https://www.oedilf.com/db/Lim.php?button=Search&Word=DOCTOR%20&Start=80

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Limerick on adultery

Limerick on adultery 


By David Schildkret—30 Mar 2006


Limerick #7588


He adulterously took a new bride
(The old one he kept on the side).
Making one wife content
Is enough for a gent—
Pleasing two wouldn’t work if you tried.


COMPILED BY J S BROCA 25TH NOV 2018
LINK:https://www.oedilf.com/db/Lim.php?button=Search&Word=WIFE%20&Start=130

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Limerick on An Arabian horse

Limerick on An Arabian horse


By Sheila B—15 Oct 2005


If you want to win races, of course


You should buy an Arabian horse,


But beware! If you’re choosing


A horse that is losing,


Your wife may demand a divorce.


COMPILED BY J S BROCA 24TH NOV 2018


LINKhttps://www.oedilf.com/db/Lim.php?button=Search&Word=WIFE%20&Start=40


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Limerick on Arthritis


Limerick on Arthritis


By Harper 29 Jan 2005


Limerick #2650


Arthritis made Bob lose agility;
Stiff joints gave him lessened mobility.
But his wife, to his joy,
Just gave birth to a boy.
Seems his sperm haven’t lost their motility!



COMPILED BY J S BROCA 23RD NOV 2018
LINK:https://www.oedilf.com/db/Lim.php?button=Search&Word=WIFE%20&Start=20
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LIMERICK ON KEEPING YOUR WIFE SATISFIED

LIMERICK ON KEEPING YOUR WIFE SATISFIED


By Chris J. Strolin 30 Aug 2007 Limerick #506


To keep your wife satisfied, Mister,
Insist that no man could resist her.
Say she’s smart and good-looking,
Each day praise her cooking,
And don’t have an affair with her sister!


COMPILED BY J S BROCA 22ND NOVEMBER 2018
LINKhttps://www.oedilf.com/db/Lim.php?button=Search&Word=WIFE&Start=10

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