I'm back posting

Yesterday on Fox Business we had a discussion about whether or not the purported problems at Lehman could cause it to be the next
Bear Stearns. Several of the panelists pointed out that Lehman now has access to the Fed's discount window--where it can borrow directly--and this precludes a Bear-Stearns-style demise. However, they are missing the point. Merely borrowing from the discount window is not a viable business activity. Lehman must have clients and customers and other, real, business activities and interests in order to earn money with which to pay employees and pay back the loans taken from the Fed. If not, it still risks going out of business. If short-sellers succeed in driving down Lehman's stock sufficiently painting it as a "failed firm" or one that carries risk for anyone that does business with it, it can fail.