Friday, February 13, 2009

PCA & Lehman Brothers: Two Market Killers

Poor quality can kill an industry. Salmonella tainted peanut products join Wall Street's innovative financial vaporware as market busters. Lehman Brothers failed last September. Peanut Corporation of America died today. Both bankrupt firms will be unwound, with injured customers much worse for the wear.

Securitization and peanut production lines will reopen. The question remains, who's buying?

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