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Hi Reggie, I keep hearing in banking circles that Lehman will not be allowed to fail, because of the risk of contagion. I think that this is BS, but the authorities are interfering in the options market under their "contingency funds". I think it would be better for the overall markets to let Lehman fold, take a hit on valuations, recapitalize, and move on. Any other option just delays the inevitable.

What are your views on the authorities interfering in the markets ( financially, and bringing undue pressure to bear?)

Chris M