I have studied indepth the reasons behind lehamns collapse so I am well versed in the topic. Listing all the reasons here was not appropriate, but the fact that they took their leverage from 14:1 to 44:1 (ie, their borrowing capacity vs their actual capital) was a clear strategy driven by a lack of FEAR. Read any document or testimony, all participants in the lehmans collapse have stated that their was no fear in pursuing these deals, regardless of the risk.
And yes, I understand fear should not grip you to the point of inaction, thats unreasonable, but I do believe that caution when buying into assets in the half a million range is a sensible approach, especially when whispers of taxes are circulating. Fine nothing drastic may change, but if a report is out in two months, I dont see how holding off for two months until we know the detail is unreasonable. The alternative is to be locked into two more properties and facing whatever taxes Rudd imposes, or is it SMARTER to wait 2 months, and if there is something I dont like, I can then change my strategy.