Best Move of 2008: Letting Lehman Fail

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pilot cialis of KY @ Aug 02, 2009 08:05:58 AM

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Nlibfrwp of IL @ Jul 13, 2009 19:48:09 PM

Jack of MA...

The Bear-Stearns deal went down at $2.00/share. Check Your own facts...As for the rest of you're comment,I can clearly see your knowledge is vast.

T of TX @ Feb 18, 2009 19:40:36 PM

I completely agree

Indeed, the mistake was bailing out Bear Stearns in the first place, not in letting Lehman fail. And things would be much, much worse had Lehman been bailed out as well. This is the first report I have seen in the mainstream media to acknowledge this.

Dana H. of CA @ Feb 11, 2009 14:29:41 PM

What about it's employees?? Are you kidding?

What about the women and children in Darfur that are being raped and killed? What about every person in the world that encounters difficulty. Is the government supposed to bail everyone out? Our nation is great because it has adpated and has learned to deal with diversity (Hopefully we still will) Dealing with consequences is a part of life. I have news for you. You will survive and get stronger and wiser or you will shrink back and die. Hopefully the former. I was recenntly laid off and found another job. I took a %50 pay cut and am glad to have a job. That's is life. My only hope is that the CEO's and Exec's have to pay the consequences as well. It sickens me that they somehow walk away with millions after they failed their companies and the country. They should take some lessons from Ship Captains and go down with the boat.

CC of CA @ Feb 10, 2009 13:47:53 PM

Nobody should be bailed out

This is economics 101. Our country was not built on the foundations of socialism, yet we are heading in that direction. If a company fails because of poor decisions, you have to let it fail. This is how we learn. If we don't take our lumps now, we will take them later and they will be twice as difficult, just ask Japan. If people loose jobs and loose their homes, they will have to adapt. It may sound harsh, but greed, discontentment and the unwillingness of individuals and companies to function below their means is what created this mess. We have to come back down to earth. Our government needs to trust that consequences are there for a reason. There are many people who did things responsibly and may still pay the price (I may be one of them). Life is not always fair, but some how our country survived the great depression and the people who live through it developed character. Our country is so out of touch that we are doing everything in our power to avoid consequences in order to maitian our way of life. If Obamama wants to upgrade our infrastructure, just make sure that the projects have a solid ROI in years to come, but don't devalues the Dollar by bailing out companies that cound not survive on their own.

CC of CA @ Feb 10, 2009 13:23:15 PM

Let it bleed

Out of college, with my degrees in finance and economics from good schools, I joined the ranks on Wall Street. I'm neither religious nor a saint, but the greed, stupidity and avarice astounded and sickened me. I toughed it out for four years to pay off college debts and then left the industry entirely. That was the late '80s / early 90's. I'm sure I passed up a million or two doing that, but I make a better than average living and I sleep very well at night. Those people, in general, deserve much more stringent punishment than to simply go broke & jobless. I'm glad we're closing Guantanamo, but truthfully, it would be a fitting home for about the worst 20% of the people in that industry.

BH of OR @ Feb 09, 2009 17:24:26 PM

Crooks

Put all the a holes in prison with buddy, no golf course, color tv. 16 years a great nation is flat ass broke? BG Berkeley CA

tevez ben rauch of CA @ Feb 09, 2009 16:19:28 PM