The Meaning of the Wall Street Debacle in Dollars and Cents

After reading the papers and listening to news reports, which purport to describe what the happenings on Wall Street mean, we realized that we were truly clueless. Huge numbers are bandied about that purport to describe the impact of the collapse of these financial institutions. But to the little guy, they are “…full of sound and fury, signifying nothing.” Thus, when we came upon the following news release, we truly began to understand the real impact.
“Subsequent to the Chapter 11 filing of Lehman Brothers Holdings, Inc, Straumur-Burdaras Investment Bank hf. (“Straumur”) wishes to provide the following information to clarify its exposure to Lehman Brothers.

Straumur has no direct exposure to Lehman Brothers Holdings, Inc, whether in the form of investments in equity, senior or subordinated debt, loans, issued

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