Leh: promises, promises ==> Fed will be busy this week-end AGAIN!

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)