Another one bites the dust … ??? Rumors fly as Lehman falls another 40% on WSJ article of higher losses … CDS spreads for Lehman reaches the Bear Stearns k.o. level … Rumors of today … this was the reason for the squeeze into the close … – Lehman will be taken by Bank of [...]

S&P, Dax and Eurostoxx traded a new correction high … and by doing so, all 3 fulfilled their minimum targets … Now it will be interesting to see, how markets fare over the next days. Reactions to OBVIOUS things like Freddie Mac and AIG losses make it more likely to give the command back to [...]

Once upon a time there was a large UK based lender called Northern Rock … It had a stupid business model and failed acordingly … Everybody tried to find a buyer … Goldman Sachs advised the Government … but not even THEM wanted to make a decent bid So the ashamed Government had to take [...]