LEHMAN

South African Reserve Bank Minister: World near a ‘Lehman-type’ repeat

By John Galt September 28, 2011 – 09:00 ET But don’t worry, she’s probably just another hyperventilating wanna-be BBC guest who has a book or trading site to hype if the CNBS types get their way in spinning her commentary. From Reuters Africa: World near a ‘Lehman-type’ repeat- SAfrica’s Marcus (click on above to read full article) Excerpt: In an article in the Financial Mail magazine, Marcus said such a rapid decline bore similarities to the fallout from the collapse of Lehman Brothers in late 2008. “The response of the markets…


Think the Crisis is over? Hong Kong is worried about another “Lehman Brothers-type debacle”

By John Galt August 28, 2011 – 22:00 ET I for one, do not blame them in the least. Despite reports earlier tonight of two Greek banks merging to “strengthen” the system there, the fears of a potential Lehman Brothers style event are rampant among the insiders of the world financial elites. The nation of Hong Kong which suffered greatly during the Asian Tiger crisis of the 1990’s created a system where sensitivities to foreign bank issues and investment in region requires extra monitoring by the authorities. Thus when this story…



%d bloggers like this: