The real story about how we got in this mess...

Enghadl is one of the best investigative financial journalists out
there....You will probably never hear this story elsewhere.

http://www.321gold.com/editorials/engdahl/engdahl101008.html

...and I just learned that the next shoe to drop is commercial property. No
huge surprise of course, but its been the only thing holding up the
remaining banks. There's over $5 trillion in derivatives in commercial
property.all sold with collateralized debt swaps as well. In addition, there
are over 100 large hedge funds that invest in comm property, and their
liquidations will start next week.adding huge selling pressure to the
market.

The founder of Chesapeake Energy, Aubrey McLendon, was today forced to sell
all of his shares today..margin calls..he had bought stock all the way up to
$90.on margin.and now he's wiped out in less than a week. The stock closed
at $16 today.

The lesson from all of this will be that   "30 to 1 leverage, for lack of a
better word, is never a good thing"