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They already bailed out the poor, those in foreclosure, the elderly, the illegal immigrants, those in bankruptcy, Bear Stearns and countless other companies, the Macs,.... if they aren't going to bailout Lehmans, they are going to bail out someone else....
They already bailed out the poor, those in foreclosure, the elderly, the illegal immigrants, those in bankruptcy, Bear Stearns and countless other companies, the Macs,.... if they aren't going to bailout Lehmans, they are going to bail out someone else....
well i was against all of those bailouts too
this is why we are in such a mess
maybe companies wouldnt run themselves into the ground if the knew the govt wouldnt bail them out every time
this is why our money is worthless
put a bandaid on it and worry about it tomorrow
how can that ever backfire?
what does that even mean?
that they can take giant risks that if they work out great big profits and if they fail the taxpayers will pick them up
what a load of ****
Of course they should (sarcasm). Isn't Lehman just as big as Bear and they couldn't let Bear fall you know, and they couldn't let Fannie and Freddie fall you know so they can't let Lehman fall or any other BIG corporation.
But they sure can let the little banks fall every Friday after the market closes.
What that meant was so far every bailout was done because "they were too big to fail" and would hurt the economy in a serious way. That was the Fed's story.
Haven't you seen the articles on GM/Ford and their financial problems ?
You have some analysts also saying that "they are too big to fail".
That should be the new motto IMO.."because they are too big to fail".
What that meant was so far every bailout was done because "they were too big to fail" and would hurt the economy in a serious way. That was the Fed's story.
Haven't you seen the articles on GM/Ford and their financial problems ?
You have some analysts also saying that "they are too big to fail".
That should be the new motto IMO.."because they are too big to fail".
if you are saying that is how they justify it then you are correct
in reality it is a load of ****
Lehman has lost its Korean suitor, and is frantically searching for a buyer. If it can't find one, it wants to split into two parts, which they call "good bank" and "bad bank" - with the shareholders getting the latter (what else?). They won't make it in time. Expect it this weekend:
Doesn't look like WaMu will last long, either. Expect lehman, WaMu, and GMAC by end of 3rd quater. Some sunny weekend while you're snoozin'!
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Expect Lehman This Weekend...
