It isn't 1929 yet - or the Great Depression. But, 79 years after Wall Street bankers and brokers lept from ledges, ruined - well, disaster is striking the money markets, again. Tonight's news that Lehhman Brothers may go bankrupt is disturbing, even ominous. It was the fourth largest of its kind in America - and the ripple effect of its collapse may become a domino one. The next decade may be the most lowdown since Auden's Thirties. Meanwhile, America seems bent on electing Palin as President-in-waiting - America's second most incompetent president is in the wings.
Sunday, 14 September 2008
Squeezed Lehman
It isn't 1929 yet - or the Great Depression. But, 79 years after Wall Street bankers and brokers lept from ledges, ruined - well, disaster is striking the money markets, again. Tonight's news that Lehhman Brothers may go bankrupt is disturbing, even ominous. It was the fourth largest of its kind in America - and the ripple effect of its collapse may become a domino one. The next decade may be the most lowdown since Auden's Thirties. Meanwhile, America seems bent on electing Palin as President-in-waiting - America's second most incompetent president is in the wings.
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