Lehman Brothers is making headlines. Again. This time, news broke out that a Korean bank might be jumping in to save Lehman Brothers from a Bear Stearns scenario.

The present situation at Lehman Brothers (NYSE: LEH) reminds me of a classic, top quality boxing match. There is nowhere to run, nowhere to hide: do or die!

Shares of New York Stock Exchange listed Friedman Billings and Ramsey (NYSE:FBR) have lost 22% of their value in less than 3 trading sessions. Countrywide (NYSE:CFC) and Thornburg Mortgage (NYSE:TMA) share prices are also underwater for the week.

I know that there are some really rude fraudsters out there just waiting for a chance to swindle you. But this really hit home when I heard that a stockbroker had deceived even his own grandmother. I just can imagine what a childhood he must have had if he now rips-off his own relative.