notes sept 16
September 15, 2008 § Leave a comment
So this morning, Lehman played its last card. After 158 years in business, Lehman has filed for bankruptcy. We pity the judge who gets this one… Lehman has over $613 billion in debt. Anyone still holding Lehman shares today is wiped out.
Reporters and tourists alike were gawking at Lehman employees exiting the building this morning with boxes full of desk trinkets, picture frames, nameplates and pen sets. As many as 25,000 will follow suit, effective immediately.
I will be leaving tomorrow for three weeks in Italy, painting in Umbria, and will probably be slow in posting till I am back. The struggle over the presidency is getting, really for the first time (?), at the real issues. Still a ways to go. McCain is a non-serious candidate.