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Thursday, September 18, 2008
 
So much for that line in the sand...

"Treasury Secretary Henry Paulson is working on a plan that would set up a government facility to take on bad debts from financial institutions"

And the street eats it up like chicken...

Perhaps one day I'll look back upon this as insightful and necessary and bold, but today I just see it as enabling and anti-American...


Comments:
That is the dumbest, short-sighted, emotional response to this issue that the country does not need. Bailouts, if they occur, should be on a case-by-case basis. This is more government expansion, and in the wrong direction.
 
How pissed are you this morning if your life's savings was in Lehman? You were a middle manager, regular slob banking your future on the stock and options from your 160 year old financial stalwart? How do you not feel like the government selectively bent just you over the table? Everyone got bailed out but Lehman...
 
if you had your life savings only in Lehman your a moron. I'm sure most of the guys working there were smart enough to diversify. for all of the let them fail free market bullsh@!t in the comments let me remind you that is what got them where they are in the first place. You can't let banking institutions this big fail and if you think you can, try getting a line of credit or try to buy a house, car, etc... Remember the same geniuses who don't believe in regulation are now regulating the market ,but instead of it costing a billion dollars it's costing a trillion.
heckava job bushie
heckava job
 
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