London Derivatives Trader

Could Lehman's Failure Cause a Systemic Meltdown?

With LEH trading below $3.60 in the after-market, this is an incredible set-up for the greatest trade ever.
LEH is a great franchise and Wall Street will not let it fail for obvious systemic reasons, nor will it let it go the way of BSC. If it did, when will this run on the bank end? Who will the shorts crush next? MER? MS? GS?!?
I am convinced that LEH will be snapped up by a large financial institutions for $20-25/share by Sunday. When this deal is announced LEH shares will run up to $35 in a massive short covering wave. This will send a clear signal that the financial sector isn’t fair game.