Paulson to Lehman

“I never once considered that it was appropriate to put taxpayer money on the line in resolving Lehman Brothers,” Paulson said. 

Translations:  “Up yours.”

Lehman to file for bankruptcy protection, making it the largest bankruptcy in history in terms of assets, surpassing the failures at Worldcom and Enron earlier in the decade.  … epic times!

Here we go.  Dow to get under 11K.  I’m sitting this out 90% cash, and OSTK puts.