Is Lehman Brothers Headed to the Morgue, in a "Seismic" September?

September 4, 2007 (LPAC)--Markets opened following the Labor Day holiday in an environment of extreme nervousness, with the Wall Street Journal noting that the situation is "fraught with uncertainty." Markets "brace for a seismic September," the New York Post trumpeted in its Sept. 4 edition, while the Journal asked, "are any more bombs ticking on the balance sheets of hedge funds or banks?"

Well, yes. Under the headline "It's Deja Vu for Lehman Stock," the Journal answers its own question, pointing to Lehman Brothers whose shares are down 30% this year just behind Bear Stearns, as the worst-performing investment bank. This is the bank whose CEO is advised by fascist banker Felix Rohatyn--and it shows. Democratic Party leaders take note!