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THOUGHT FOR THE DAY!

"There is no free lunch for the creature comforts delivered by the corporation. The ravaging of nature, the erosion of economic security, the destabilization of the family, the commercialization of all human relationships, the corruption of democracy, and the dissipation of spiritual meaning in the face of rampant materialism - these are all part of the cost of the corporate system as we know it. And they add up to a very high price to pay for the bounty of the great American shopping mall."-- Charles Derber, Corporation Nation, p178

 

Traders' worst fears realised at Lehmans auction

Derivatives traders were yesterday nervously picking their way through the wreckage of the Lehman Brothers bankruptcy in what was the biggest test to date of the unregulated $60 trillion (£35.4 trillion) credit default swaps market.

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