walkitout (walkitout) wrote,
walkitout
walkitout

netting didn't go so well

http://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.
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