Lehman Brothers, Merrill Lynch and AIG: What they Have in Common

We have all heard the buzz around the sinking of the great Lehman Brothers ship this week.  The overzealous news reporters are calling it “Black Monday”.  As in, get ready to stand in the breadlines again, folks!

Well, as Bank of America throws a lifejacket to Merrill Lynch and AIG struggles to find a way to keep its head above water, we at least need to ask why did this happen?  And what does it mean to us in Nashville, TN?  What does it mean to buyers looking for a home loan in Davidson County?  Are we all in for some rapids as well?

I read a great article on just that question and I wanted to share it with everybody.  Take a look at what Jeff Corbett had to say on his agent genius blog!

http://agentgenius.com/?p=4538