Wednesday, September 10, 2008
Lehman going down the drink!
Six months after the failure of Bear Stearns, things look bad for Lehman Brothers. If they go belly up there is no guarantee that the anal hair stylist Hank Paulson and his evil twin at the Fed bathroom attendant Ben Bernanke want to bail this investment banking house out, the more especially since they put Fannie Mae & Freddie Mac into receivership! Well, they're going to have to any which way you look at it. Lehman's days are numbered. The Korean Development Bank has pulled out of negotiations to help float the bank or even buy a majority share. Simply put, no one wants this loser who is drowning in subprime mortgage debt. We're in the midst of an extremely severe financial crisis, and neither Paulson nor Bernanke know what they're doing. The old bromides of free wheeling, free dealing market capitalism have failed as they usually do. Hold on to your seats boy, the markets are tumbling and the little man in the street will have to sweat blood to bail out the system.
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