Submitted by Barry Popik, Sep 16, 2008 02:19

The Lehman bankruptcy has devastated me financially. The stock went from $67 to $0 in about six months. The Lehman fiasco is many times bigger than Enron. The 158-year-old Lehman had been one of the world's greatest firms; Herbert Lehman became governor and senator. It's easy to say that sometimes you win, sometimes you lose, let's all move on. Where were the accountants and financial experts who were so wrong on this stock? No one saw this coming--it all falls apart in four months? The tragedy of Lehman is not merely that a New York City institution is no more, but that the foundation of our financial society--Wall Street--is such a risky house of cards that no small investor can possibly understand and navigate. It is a tragedy of trust. Wall Street must find out what went wrong and then reassure investors, or its game is over.

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