Biotech Values

[exwannabe]

Re: banks going toast and selling stock.

Well, call me crazy but when a company like Lehman needs to raise cash to stay solvent by selling stock then I seriously quastion WTF is going on. Only fools would buy in.

There was nothing in their core biz that caused the meltdown (unlike airlines and oil). So when the shit hits the fan you really have to wonder what all is up (or down as the case may be).

I guess what S&P said was that they ran out of greater fools in the Lehman story.

And were shorts selling AIG over the weekend?

There are plenty of scum on Wall Street, and they work both sides of the aisle. Just like in DC.