I'm not sure you understand why Lehman went under. It was not because of some mysterious event called lack of confidence that came out of nowhere and drove them

I'm not sure you understand why Lehman went under. It was not because of some mysterious event called lack of confidence that came out of nowhere and drove them to insolvency. Confidence disappeared because the fundamentals of their credit derivative business created massive losses that was driving them to insolvency. You've blamed the symptom for the disease. Business is more than just words coming out of an executives' mouth. There are real dollars, real inventories and assets, that are the basis of the whole field of security analysis, devoted to determining whether a company deserves confidence given the state of its business.