More on Change! Are we having fun yet?

It would seem that the ROC thinks that change is a good thing. But while our little election here is unfolding, much more significant events are occurring on Wall Street. There are many people in government and banking who would argue that "change" is not always a good thing. The people on Wall Street, the SEC and the Fed are definitely NOT having fun.

But it would seem that some of us are oblivious to the risks of what we are undertaking here at BLMH.

Here are a few headlines from the Wall Street Journal "online". You may need a subscription to access some of the articles:

Wall Street In Crisis!

Financial markets around the world were rattled by the rushed sale of Merrill Lynch and the bankruptcy-court filing of Lehman.
AIG was facing a severe cash crunch as its credit ratings were cut. The insurer was scrambling to raise as much as $75 billion, after seeing its shares fall 61%.
The rapid demise of Lehman and Merrill represent a watershed in the banking industry's restructuring and a continuation of a decline in financial firms' market capitalization.
Dow Takes a 504.48-Point Dive
Stock prices fell, derivatives markets froze and investors flocked to government bonds as traders and investors struggled with the end of two Wall Street giants. The Dow suffered its biggest percentage drop in more than six years.
Lehman in New Talks to Sell Assets to Barclays
Lehman was negotiating a last-minute plan to sell large portions of itself to Barclays, the U.K.'s third-largest bank.
Concerns Shift to Goldman, Morgan
Pressure is now on Morgan Stanley and Goldman Sachs to persuade investors that they will survive.