Once these Wall Street lemmings get over the fact that Lehman Bros. is history everything will settle down. Tomorrow the sun will rise and the good ol’ USA will still be here. What I want to know is where are the sanctions—including jail time—for these opportunists who have violated the public trust. I want some pay back.
So you are not following the possibility of AIG declaring bankruptcy in 48 hours if they can’t raise $75 billion on the private market, taking their $1 Trillion balance sheet down with them, and setting off a chain reaction of counterparty defaults that will make the Lehman collapse look like a garden party?