Monday, March 17, 2008

Is Lehman Next?

I am watching the financial news, and the name Lehman Brothers keeps being dropped. I personally think they will disappear this week, either failing outright or being gobbled up by a big guy like the Bear Stearns fire sale to JP Morgan.

Asia is really in control of it now and if they continue to pull money out of Lehman, its hours are numbered. Just my opinion and I am not a banker or investor, just a schmuck watching from the sidelines.

UPDATE: Moody's has downgraded Lehman from "positive" to "stable" and current buzzis not good.

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