I am getting a bit nervous, this is looking like non-zero probability to trigger a “world upside down” scenario.

http://piggington.com/world_turned_upside_down

This is why I’m betting that in the end, the government will offer a bailout or “back-stop” of some sort.

There are 2 fundamental difference between Lehman and Bear Stearns. Bear Stearns had alot higher counterparty risk and their collapse was very quick and surprised many. Everyone knew Lehman was in very bad shape 8 months ago. What took so long to try to resolve this?

I supported the Bear Stearns bailout, I oppose the Lehman Bros bailout. The are similar beasts, however with different stripes.

Bubblesitter