Peter Schiff on Lehman Collapse

Happy Anniversary of the Lehman collapse:

"In reality, Lehman's demise was simply the result of an unfolding crisis that began years before. Popular belief aside, allowing the institution to succumb to the overwhelming debts on its balance sheet was perhaps the only correct decision made by government since this crisis began. The propagandists' complete reversal of cause and effect now threatens to spur the government to compound prior mistakes and bring on the next phase of the financial crisis. Unfortunately, this chapter will likely be much more dangerous than what we saw last fall."

http://seekingalpha.com/article/162394-lehman-s-collapse-revisited?source=email