In this game there is always one sacrificial lamb, to become the poster boy of "see what can happen?" Unfortunately in this case it was LEH.
So now the "powers that be" can throw trillions at FNM, FRE, AIG and who knows what is next, and most people will keep their mouths shut and be "thankful." JMHO.
OT: failure to deliver, have you seen www.businessjive.com on naked shorting, FTD's and the SEC being the "problem?"
On NBR tonight they asked a mutual fund manager why did the SEC drop the up-tick rule? His answer was "I do not know why, but they should put it back in force immediately."