Ghost of Lehman Brothers

Via WSJ: The Ghost of Lehman Brothers Haunts Deutsche Bank
But parallels to failed investment bank are misleading By JAMES MACKINTOSH
Sept. 29, 2016 8:04 p.m. ET
Eight years ago this month, Lehman Brothers failed in large part due to panicked hedge funds pulling their money. With some big hedge funds worried enough to cut their exposure to Deutsche Bank AG, the parallel is obvious—but also deeply misleading. Deutsche Bank’s shares have plummeted in recent weeks after The Wall Street Journal reported that the U.S. Justice Department suggested the bank pay $14 billion from the bank to settle allegations around mortgage securities. The bank expects to agree to a lower figure. Some hedge-fund clients have grown concerned about their exposure to the German lender, prompting them to pull assets and forcing bank executives to step up reassurances about its stability, according to people close to clients Continue reading "Ghost of Lehman Brothers"

A poetic ode to Elon Musk and those he inspires [Flickr]

        <a href="">jurvetson</a> posted a photo:
A poetic ode to Elon Musk and those he inspires ... exciting the inner child in many of us with the breathtaking scope of his vision. He is literally forging the future of our dreams.

I went back to a poem that rolled off Silvi's typewriter at a party, pulled from the astral plane of her imagination...

The poem is somewhat surreal for me, as Elon saw the light::
“When I was a little kid I was really scared of the dark, but then I came to understand that dark just means the absence of photons in the visible wavelength, 400 – 700 nanometers. Then I thought: it’s really silly to be afraid of a lack of photons. Then I wasn’t afraid of the dark after that.” (from Bloomberg profile, video clip)