There were indeed rumors. Investors communicate through channels other than web pages, and in this case, it was not possible to link to the source - a closed-circuit traders group.
We removed the post because we felt that without the ability to link to a source people could read, it was of limited value.
Having said that, we do at times post information we feel is important to investors, even when there are no publicly available sources to link to. Often the information later hits the public web, at which point we make an effort to go back and link to it.
I imagine readers find some use in knowing what rumors are circulating in the vast and busy rumor mills of Wall Street. As always, they should be taken for what they are - rumors - not fact.
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Hi Squashnut,
Sep 09 18:39 pm
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All Comments by SA Editor Eli Hoffmann »Watching the Lehman Fireworks [View article]
There were indeed rumors. Investors communicate through channels other than web pages, and in this case, it was not possible to link to the source - a closed-circuit traders group.
We removed the post because we felt that without the ability to link to a source people could read, it was of limited value.
Having said that, we do at times post information we feel is important to investors, even when there are no publicly available sources to link to. Often the information later hits the public web, at which point we make an effort to go back and link to it.
I imagine readers find some use in knowing what rumors are circulating in the vast and busy rumor mills of Wall Street. As always, they should be taken for what they are - rumors - not fact.