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Investors are rather skittish these days, because everyone knows you can't trust a company or the government to tell you the truth about their true state of affairs.
Last March, Bear Stearns denied their problem right up to the end, and many people lost a lot of money believing their official statements. Many learned their lesson, and fewer people are now believing Lehman Brothers as they deny having financial difficulties. Its shares are plunging, down 55% this year and down 9% just today.
http://biz.yahoo.com/rb/080603/lehman_capital.html
Lehman Brothers had a crisis back in September of 1998 when the Long Term Capital Management went bust in the wake of a Russian default. They survived that one. Let's see how they do this time around.
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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