The Next Systemic Lehman Event

``One can combine the energy sector debt distress with the commodity derivative exposure, to see a systemic Lehman event on the near horizon. The many factors are lining up to force a systemic failure event, a massive financial crisis globally with numerous sectors in failure mode. The energy sector has been well detailed for its debt risk to the big banks. The legal prosecution with heavy fines and penalties remains a big risk in the mortgage sector. The Emerging Market debt exposure, triggered by both currency risk and economic decline, has also been well detailed. The market rigging cases grow by the month. Finally, with cases like Glencore, the commodity derivative risk has entered the picture.''