Jessica, is this supposed to be "news" or "insight?" I can't determine which.
To phdinsuntanning, even 2 months ago what you posted was public knowledge. Let me make it simple. Most of the banks are leveraged 30:1 and they have been for a while now. The unwinding process is going to be very ugly for someone, most likely for holders of the dollar. Dump the dollar and US assets while you still have a chance.
Lehman, the Short Version [View article]
To phdinsuntanning, even 2 months ago what you posted was public knowledge. Let me make it simple. Most of the banks are leveraged 30:1 and they have been for a while now. The unwinding process is going to be very ugly for someone, most likely for holders of the dollar. Dump the dollar and US assets while you still have a chance.