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Fear at Lehman-Like Heights

Finally, perception is starting to catch-up with reality - http://www.guardian.co.uk/business/2011/nov/22/financial-fears-post-lehmans-high.  There is no question in our minds that this is accurate.  A disorderly break-up of the Eurozone would probably be worse than Lehman.   There was a story about how Pimco CEO Mohammed al-Arian was so worried in the few days prior to Lehman that he had his wife withdraw several thousand US$ from the bank to have cash in hand in case the banking system froze-up.  This seems like we are entering a risk area of similar magnitude.