Sunday, September 14, 2008

Lehman Brothers is going to go off like a nuclear bomb

I have been following the Lehman Brothers problem for a few weeks now. What I seeing is that there are few options for this orginization. This isn't going to be a replay of Bear Sterns. Nobody has the capital or the want to put Lehman Brothers on their books. We seem to have reached a peak on just how much tax payer money can and will go into a bail out. 

I expect Lehman Brothers to collapse. On Monday I see a wider run on financial stocks happening. We did not see much of anything happen last week when Fannie and Freddie were taken over. I predict a huge amount of toxic fall out on Monday. 


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