As Many of us Predicted Down Goes Lehman Brothers

Lehman bros has declared bankruptcy as many of us predicted would happen. For those of you are unaware Lehman Brothers is one of the largest banks in the world. My prediction is that the market will react very negatively to this news. I’m afraid that the bank failures are about to pick up big time.

“According to people briefed on the matter, Lehman Brothers will file for bankruptcy protection on Sunday night, in the largest failure of an investment bank since the collapse of Drexel Burnham Lambert 18 years ago.”

The Whole Article Can Be Read Here.

vizionkc.com

— Justin of Vizionkc

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2 responses to “As Many of us Predicted Down Goes Lehman Brothers

  1. Wait a minute! I thought Bush’s tax cuts for the wealthy were helping his buddies on Wall Street. Now, suddenly, just before he leaves office, the tax payers have to bail out Lehman Brothers, Fannie Mae, Freddie Mac! Maybe they could find all those stock brokers with the million-dollar bonuses and tax THEM!

  2. Now that would be progress. But then again those guys are close friends of the GOP look at Mitt Romney.

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