Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson told Congress Thursday that new regulatory powers are needed to insulate the national economy from damage if a big Wall Street firm collapses. Of course they know more then we do, the question is who is going to collapse first? I bet it´s Lehman.
Spin the Wheel of Fortune...anyone can be next...depends who is hiding the most.....fraud.....lol.....as the Dean of Wharton Business School said when Enron collapsed regaring how rampant the fraud was,"corrupt practices begin at the top and trickle down to the rest."
Very applicable now....pervasive in the Treasury-Wall Street-Military-Industrial Government Complex.
Gold is one of the safest places....I also agree with Soros and Kotlikoff that some China stocks like PTR in the long term is a nice buy....