Monday, September 15, 2008

Lehman's Insolvency

http://www.bloomberg.com/apps/news?pid=20601103&sid=awh5hRyXkvs4&refer=us

Uhh boring i know but this is gonna take the world by storm. With potential rescue buyers abandoning ship and the Fed refusing to inject public funds, the 4th largest investment bank in U.S. has filed for Chapter 11 bankruptcy protection. Brace yourselves, as this dramatic collapse will intensify the credit crunch and drive the global market to take a plunge. Much as i hate to admit, Malaysia will not be spared from the ripples.

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