From Lehman to Lemon
On this harvest moon day of 2008, Lehman Brothers becomes something really similar to today’s moon, in color and in shape but on a smaller scale—a lemon. After 158 years’ existence on Wall Street, Lehman now officially buried its name in the credit market carnage and becomes the latest sacrificial lamp in the name of restoring market order or human sanity. It is insane to see a company with hundreds of billions of capital bankrupt in a hopeless way. It is too much of a drama that time of reckoning is not coming yet for many as denial or rationalization has not run its course.
But one thing we still have to do is to see where Lehman will stand besides those ghosts busted out of those infamous financial bubbles? Too bad I can’t remember those names at the moment, but I get Lehman. That is enough.
It is bad that Lehman couldn’t live to see the sun in another day, but it did die on a full moon day. On this day, we also see the high tide of the sea.
Unlike Lehman, the full moon will come again, for long, long time.
