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Why was Lehman allowed to fail, but the other banks saved?

By: livewire send a private message
Paris : France | about 1 year ago  
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France-based analyst Max Weber posits that Lehman Brothers was allowed to fail because one of its key bond holders was USA Critic President Hugo Chavez of Venezuela. On the other hand other investment banks like Morgan Stanley and Goldman Sachs have investors like the Governments of China, Japan and Middle East. He further predicts that due to the excessive liquidity created by the bailout, the US Dollar is going to be worth "less than toilet paper" early into the next adiministration. Other countries are tied to an evil syndicate comprising investment banks, auditors, US Government regulators and the Treasury Secretary through the tenuous link of the dollar.

Lehman 4Y Commodity-Linked OID Corporate Bond Fund was rated A1/A+ by Moody’s/S&P in March of this year. Today it is worth zero -- raising troublesome questions about the market analysis and forecast abilities not only of Lehmans but also of Moody's, Standard & Poor, and a host of banks like Barclays who were recommending investments into Lehman instruments as late as last month.

Weber believes that the minute that other countries sell their dollar bonds and begin transacting in Euros, the dollar will tank.

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READ MORE: Bail out, USD 700 billion
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Reported by livewire
livewire

Member Since Mar 14, 2008

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