This was not what the market needed - Lehman makes promises they can not keep - here is prime example of a Management team who though they were Gods - Hubris !
It is a pitty - I got great friends and coverage from Lehman people - but the end game is near.
Paulson/Bernanke will be in the basement printing some more money this p.m
Be careful fellow investors, really careful..... Lehman CDS (Corporate Default Swaps):
LEH now @ 530 - yday: @ 475 : day b4 yday: @ 350
(Click on chart for bigger version)
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