FT: The Fed threatened Bank of America (user search)
       |           

Welcome, Guest. Please login or register.
May 19, 2024, 10:42:21 PM
News: Election Simulator 2.0 Released. Senate/Gubernatorial maps, proportional electoral votes, and more - Read more

  Talk Elections
  General Politics
  Economics (Moderator: Torie)
  FT: The Fed threatened Bank of America (search mode)
Pages: [1]
Author Topic: FT: The Fed threatened Bank of America  (Read 825 times)
opebo
Atlas Legend
*****
Posts: 47,009
« on: June 13, 2009, 09:23:14 AM »
Haha, hilarious idea - like the Pope threatening god...
Logged
opebo
Atlas Legend
*****
Posts: 47,009
« Reply #1 on: June 13, 2009, 06:35:37 PM »
Quote from: Magic 8-Ball on June 13, 2009, 05:32:38 PM
The thing that I don't understand is why the government let Lehman fail, but went out of its way to ensure that the others didn't.  I recognize that Merrill Lynch had something like twice the assets that Lehman did, but Lehman had significantly more than did Bear Stearns. 

Is there something I'm missing?  Could someone explain why Lehman was the only one allowed to fail?  Was there any logic at all?

No, no logic, but 'faith' - in the 'free market'.  Idiotic but true.
Logged
Pages: [1]  
Jump to:  


Login with username, password and session length

Terms of Service - DMCA Agent and Policy - Privacy Policy and Cookies

Powered by SMF 1.1.21 | SMF © 2015, Simple Machines

Page created in 0.017 seconds with 10 queries.