Lehman Act II is coming?

NEW YORK (MarketWatch) — Three years ago, the House of Lehman collapsed like a house of cards. And if you thought the original was scary, just wait until Lehman II comes to a theater near you — in IMAX 3D with digital surround sound.

That’s the view of sober-minded Canadian strategist and money manager John Stephenson, senior vice president of First Asset Management in Toronto.

He predicts a new, Lehman-like financial crisis in the next six to 12 months, only this time involving the debt of governments and European banks.

http://www.marketwatch.com/story/le...-is-coming-soon-2011-09-16?link=home_carousel
 
Well Duhhhh!!

Bigger Gov = smaller private sector =less income for Big Gov.. We knew this decades ago. Why it had to play itself out?
 
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