Lehman Brothers is one of the top few investment banks in the world. Today their shares lost 40% of their value, the kind of drop we saw happen to Bear Stearns before they were bailed out by the Fed. Wall Street firms like Bear and Lehman don't add value to the economy, they just charge fees to manage money and help investors and corporations do business.

If and when Lehman do get bailed out it's going to mean the printing of huge quantities of dollars to add on to the huge quantitiy of dollars the Fed has already printed in the seven bailouts it's Ok'd since the current crisis started. Every US taxpayer is going to pay for these bailouts, but in real yerms (and disproportionately compared to the wealthy) the prudent will pay for this, and not in some future taxes to pay for the debt (they'll pay those too) but via inflation as the number of dollars printed continues to increase. The unstated message of all these bailouts is that you're now prudent at your own risk if you don't buy into each bubble that comes along you're going to see the value of your savings and assets slashed and burnt.

If the media were doing their job they'd be all over this story as there's nothing more important to Americans (or the way they vote)than the economy. Instead they're asking does Obama really love America ans scaring Americans over nonexistent threats like Iran. These bailouts are going to cost working families thousands over the next decade via inflation and new debt but the whole issue is ignored by the media. It's like watching Pravda cover the old Soviet Union.