You can't open the application Quicken 2007 because PowerPC applications are no longer supported.

I upgraded to Mac OS X Lion and then tried to launch my Quicken 2007 for the MAC... Quicken would not start up...I received the following message "You can't open the application Quicken 2007 because PowerPC applications are no longer supported."
What can I do to slvage my financial records????

It sounds like you recently upgraded from Snow Leopard to Lion. As you have found out PPC appications such as Quicken are no longer supported. You will need to upgrade to other financial software, there are a number of them out there that will work fine on Lion. If you have a bootable clone you can boot from that and then export your Quicken data to a format most Lion finacial software can import. The software I chose is iBank which I like howevrer there are a number of other choices.
Your records are in tact and you may have to jump through some hoops to get to them but rest assured they are safely stored on your system. The file format iBank and other financial software is looking for is a .QIF so you can look on your system to see if you have .QIF already and when it is dated.
If you are interested in iBank here is a link to their Tutorials page and you will see how easy it is to import Quicken information:
http://www.iggsoftware.com/ibank/tutorials.php

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