The Conservative Cave
Current Events => Economics => Topic started by: Chris_ on September 12, 2008, 01:29:39 PM
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Paulson To Lehman (LEH): We're Not Saving Your Sorry Ass
by Henry Blodget
To our surprise, Hank Paulson is apparently taking a hard line with Lehman (LEH) and the possible buyers looking for a government handout. This may be posturing (Paulson's a good negotiator), but it may also be what it purports to be: The perfectly reasonable position that Lehman had SEVEN MONTHS to get its act together and spent 6.999 of those months in arrogant denial.
CLICKY (http://www.clusterstock.com/2008/9/paulson-to-lehman-leh-sorry-we-re-not-saving-your-ass)
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The feds have to stop the bailouts but boy, it looks like I'm going to lose lots of money today.
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Watching the guy from Bank of America saying that the response to the purchase was positive, while the price of BAC is down almost 30%
Come and see the pyramids along denial.
It is going to make the sale of Lehman twice as hard, if investors take it that badly
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I'm glad the free handout of Taxpayer bucks has found a stopping point, but I'm curious...
What made Lehman different from Freddie and Fannie, Behr Stearns and all the rest that got on the gummint gravy train before Lehman ran into the gate? Was Lehman Bros. not "too big to be allowed to fail"?