Tuesday, September 9, 2008

I smell bailout!


So will Lehman Brothers be deemed to big to fail? According to Reuters:


Shares of Lehman (LEH.N: Quote, Profile, Research, Stock Buzz), the fourth largest U.S. investment bank, fell 44 percent to $7.91 on the New York Stock Exchange.


I believe I see another opportunity for some fat bankers and their preferred-share-holders to snag some federal tax revenue. I suppose it depends on how many of those preferred-share-holders are neocon elites whispering into the President's ear.

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