(B) Blitz interview Dnevnik

What signal is the abandonment of Lehman Brothers by the FED, the US Government and the big ones on the market?

The Federal Reserve System has been severely criticized on its support at Bear’s default. The focus of this criticism was the use of tax-payers’ money for private company rescue. It is now that we need to mention the fact that the super-consumer tax-payer is the corner-stone of the current crisis. I am convinced that the Treasury, the Fed and the Big Ones have done their best to mitigate the losses in one or another way, it is the market crisis that has hampered their efforts to rescue Lehman.

Would there be relieve for the investors once Lehman is deemed the scapegoat of the crisis?

Unfortunately those large losses are not scapegoats, those are just big victims of greed, which we see clearly on the horizon as we see the largest only meteorites burning in the atmosphere. There is a chain of losses, which are hard to be seen across the ocean, but their influence on the current crisis remains strong.
The moment of relieve will come when the three million Alt-A loans estimated at USD 1 trillion seize defaulting and thus stabilize the US banking system.

How would Bulgaria be affected? Shall we expect short-term panic-stricken redemptions?

Bulgaria will be affected the same way the whole global world is affected; the difference will come in the magnitude. The Panic and the Euphoria will flee the market, only when the investment professional educate their clients properly.