In the 30's, the US was the world's biggest creditor. Now it is the world's biggest debtor. In the 30's, the US was energy independent. Now,,, no way... Today, the derivatives market is a beast the likes of which the world has never seen. Back then, the US had a huge food surplus, and a strong manufacturing base.
One thing that hasn't changed is that the Fed still answers to the big bankers...
LEH is a survivor from the great depression in 1930s, is it going to fail this time?
I hope not, but things could get real ugly for the little guy pretty soon...