normthefedup

Watching the Lehman Fireworks

I sound like a broken record - for those of you who remember records - but the speculation and rumor-mongering has to stop. Too many bad reports about an entity from "experts" who are trusted by too many misinformed or simply ignorant-of-the-way-th... investors just make the predictions of doom and glook become self-fulfilling prophecies. Let's allow the chips to fall where they may based on fact, not conjecture, and the roller coaster ride will finally end with cooler, more informed minds making the decisions.

As a totally unrelated remark, by the way, I think the Fannie/Freddy bailout was the most ill-conceived, badly timed, short sighted government decision short of the Japanese attack on Pearl Harbor. The banks, already in dire straits, did not need a $36 billion hit on the preferreds and stockholders and investors, already reeling and having daily losses from this irrational market, did not need to lose, in some cases, their life savings in an institution that they trusted....the government giveth security, the government taketh it away. A pox on you Paulson and your ilk.