Bakersfield, too, contributed to Lehman Bros' demise

In light of Lehman Brothers' bankruptcy, am reposting an earlier one:
We lived in Bakersfield, CA, before moving to Oregon. We sold our home just before the real estate mania set in. Bigger and bigger homes were being built, and speculators (flippers) were buying from all over. McAlister Ranch was one such mega project, which is one of the reasons that Lehman Brothers is now in a mess (watch the following YouTube clip)



I tell you, we are the United States of Gordon Gekkos :-(
Update: the Bakersfield Californian lists the investments in Bakersfield and Kern County with the Lehman connection.