Why The Hellllllllll…
…might they use my tax money to bail out these bastards
The investment bank Lehman Brothers Holdings Inc. spent Thursday energetically shopping itself to potential buyers — among them Bank of America Corp. — just a day after insisting it had found a way to patch up its massive real-estate-related losses.
Given the firm’s deep financial troubles, a deal of any sort is far from certain, according to people familiar with the situation. In addition, prospective buyers, which also could include Barclays PLC, would likely want the U.S. government to help shield them from future losses from any such transaction, these people said, as happened in March, when Bear Stearns Cos. was forced into a deal to be acquired by J.P. Morgan Chase & Co. In that deal, the federal government agreed to absorb as much as $29 billion in potential losses.
The Federal Reserve and Treasury Department have been working with Lehman to help resolve the bank’s troubles, including talking to potential buyers, according to people familiar with the matter. Federal officials currently aren’t expected to structure a bailout along the lines of the Bear transaction or this past weekend’s rescue of mortgage giants Fannie Mae and Freddie Mac.
It ticks me off to no end that the Government (i.e. you and me) are bailing these guys out. Somehow I think that if my company made a boatload of risky business decisions Uncle Sam wouldn’t be standing there with a check for us.
But then again we don’t contribute millions to corrupt folks in Washington.
Silly us.
Politics | tree hugging sister | 
September 12, 2008 11:30 am
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Again, you’re not looking at the bigger picture. Your local business, if it were to fail, would not have the same impact on the economy as the failure at Lehman would have. If Lehman fails, just like if Chrysler had failed, we might not have to beg politicians to save us with government controlled home loans. If we don’t have to beg for politicians to save us with their new wholly owned and operated subsidiaries of Fannie Mae and Freddie Mac then how will we have a more complete understanding of their power?
You just don’t seem to understand today, that all actions by the government are designed to convince us of our own pitiable condition. It is only through the donations of these high money lobbyists that we learn this lesson fully.
Sigh.
I am so unknowing of the ways of the world.
I need ten bucks, Bingley. Did you forget?
Isn’t Chrysler now a German company? The government
didn’t seem to care about that.It’s no longer We
the People,it’s become we the government.Lehman
represents the status quo.The rich manipulative
upper-class has control of the government gentry that rules
us cannon fodder, who do all the real work.And the cops kill those who make a fuss.