Submitted by moneysage on Wed, 10/15/2008 - 19:53.

We would like to respond to the latest Wall Street mantra, aptly aped by the media monkeys.

Submitted by moneysage on Wed, 10/15/2008 - 14:44.

Get what?

Comprehend the current DEGREE OF INSOLVENCY

We would now like to consider a curious -- and rather chilling -- historical analogy to the failure of Lehman Brothers.

We present below our PROVISIONAL HYPOTHESIS about what the financial markets are really doing.

We present to you our take on the current "advice" being offered by the generality of self-proclaimed and media-anointed "sages." (Or, to paraphrase the ancient Greek general Pyrrhus, one more such vi

We present below, for the consideration of both our veteran readers and for new readers, the current state of our evolving assessment of the banking system and credit market crises.

We are, we will freely own, a tad weary of the infinity of "models" and "modeling" constructed by, and conducted by, the Federal Reserve, not to mention the great herd of financial and investment inst

We would like to have recourse here to an historical analogy which we feel is supremely relevant.

In this analysis we wish to address one key element likely to have a major bearing upon how the financial crisis unfolds in coming weeks and months.