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Lord James of Blackheath: In 2008 ... I went to work in New York. Each day from my hotel I walked up 47th Street where there is a one-legged ex-Vietnam veteran who sits on the pavement and cleans shoes for $2 a time. He has been there for quite a long time, and I got to know this friendly and talkative guy. I was getting my shoes cleaned by him one day and he said, “You’re in a nice suit but you’re going to burn in eternal hellfire”. I said, “I’m sure I am but not too soon, I hope”. He said, “No sir, you’re going to start burning in eternal hellfire nine weeks tomorrow”. “Really?” I said, “I had hoped for a bit longer than that. Why then?”. He said, “Because Lehman Brothers are going to file for bankruptcy that day. The great fiery jaws of hell are going to open up and suck all you suits down into it”. I would like to know how a one-legged Vietnam vet sitting on 47th Street knows, nine weeks to the day before the event, that Lehman Brothers is going into insolvency when the rest of the financial world appears to live in total ignorance and does nothing about it.
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