MiningOilGasGuru

Lehman Bankrupt, Merrill Swallowed, AIG Wilting: What It All Means

the financial system needed something like this to happen. Banks should know better than to gamble like they did. Not only will this correct the markets, but it will teach top management not to get so greedy like they did. I agree with the first poster, it is hard to predict that we are anywhere close to the bottom. At the rate the bad news is coming out now (basically hourly) the bottom feels far away.