Sunday, September 14, 2008

Lehman Brothers Files Chapter 11

Major crisis underway in the world financial markets, and tomorrow will be an historic day on Wall Street. There's a lot of rumormongering going on right now (reports of ATMs not functioning etc) which are totally false, but panic is definitely in the air. My only advice: if you're above the FDIC limit in any bank, take action to protect yourself. There will be a lot of collateral damage (no pun intended) before this is all over.

2 comments :

Chus said...

This is what I think: Lehman Brothers Bankruptcy

Patient Renter said...

How bout them Lehman bonds? It sucks how that BK effects investors at places like Vanguard.

Still feel bad about being all cash?