tumbled had morning amid word lehman brothers is filing for chapter 11 bankruptcy. what more fallout can we expect on this from the economy and stocks at home? >> there is a near term fallout and mid to longer term fallout. the near term is we are looking at a severe selloff today. the u.s. stock market under pressure as people worry about the ripple effects of the lehman bankruptcy. >> that was seven years ago today. >> our top news story this morning, overseas markets tumbled after lehman brothers filed bankruptcy. what can we expect from this? >> there's a near-term fallout and a mid to longer term fallout. we're looking at a severe selloff on global markets today. people worry about the lehman brothers ripple effect. >> we know what that ripple effect was when they collapsed seven years ago today. we now know it was the first smoke alarm for the fire that basically burned down the entire global financial system that