Quote:
Originally Posted by cykoe6
Lehman Brothers on the other hand was a private bank and had every right to take whatever risks the board and the executives believed were correct. That is also why Lehman should be allowed to fail.
|
So then why not Bear Stearns? Don't they fit the same criteria?
The same can be said for AIG. I will guarantee you that the government will not allow them to fail. Because if they did, we're all in big trouble.
Lets also not forget that the fed has opened up their lending to investment firms and other institutions that should never have access to it. They've had to cut interest rates massively thereby hurting the average American to save some big money players.
Like I said, if you feel that a few companies should have this much power over all the people and can destroy our economy in a whim, so be it. I don't consider that fundamentally strong.