Lehman Brothers burdened $60 billion in soured real-estate holdings, filed a Chapter 11
bankruptcy petition in U.S. Bankruptcy Court after attempts to rescue the 158-year-old firm
failed. Bank of America is bailing out Merril Lynch in a $50 billion all-stock transaction.
In addition, Fannie Mae and Freddie Mac have fell hard and so are many other respectable banks.

One year into the Aug 2007 subprime crisis, and the financial sector is still reeling from the after-effects. Billions of dollars were injected into the money markets and interest rates slashed but the deleveraging journey remains arduous.

We all know the catch-22 situation facing the Federal Reserve… stagflation . A stagnant economy coupled with rocketing inflation. At the rate oil is increasing, we can expect our daily products to double in prices within the next 2-3 years.

As the financial services giants get cut down to size, metals are now the biggest source of mergers and acquisitions on Wall Street, according to a report on Bloomberg.