The Lehman Brother's collapse has been likened in Asia as a tsunami. Like the great wave that washes out seaside villages, this one threatens to wipe out pension funds of people. The blurbs report that the state pension fund organizations, SSS (for private sector employees) and the GSIS (for public servants) have invested in the billions of dollars with these sunk banks. Also the big local banks also have significant exposure too. The politicians are now demanding that the banks and pension fund organizations declare their exposure. I don't think that is a good idea for people may just go on a bank run of nightmare proportions. This is something that our Glorious Queen won't even contemplate about. Commentators have said that the recent Wall Street disaster is the worse since the 1929 stock market crash. The 1987 crash pales in comparison. Since even the ordinary person has some savings exposed in stocks or as mutual funds and other mid term relatively low risk investments,...
"It is surely harmful to souls to make it a heresy to believe what is proved" - Galileo