I think Lehman will have a lot of company in the next few months. I think a lot of people will be hurt by this, and that is not good for anybody. I have talked to several financial "advisors" recently. We had accounts years back at AIG. For some reason these idiots are calling me, after I cashed all thier stuff out. BTW, AIG is a major pia to get your money back from. I rolled over our accounts to a fidelity account, and AIG was throwing every possible roadblock in my way. It took months, and the threat of a lawyer. Now they want me to buy their funds, which aren't doing well, and paying their stupid, expensive sales charges.
Bottom line: Hold onto your seat, gentlemen, it's a wild ride!!
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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