I'm shocked, but cowardly Hank Paulson is still sticking to his promise that Lehman won't be bailed out at taxpayer expense a la Bear Stearns, Fannie Mae, and Freddie Mac.
I have little faith in Paulson, but if he doesn't fold, get ready for some fireworks tomorrow!
AIG and Merrill Lynch, considered by some to be the next dominoes to fall, are already in motion: AIG announces major restructuring, and Merrill is in talks to be acquired by Bank of America.
-
UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a... -
Only the police should have guns, you know. The shocking double murder of a young couple in Irvine turns out to have been suspectedly com...
QE has permanently ruined bonds for investors
You used to earn an interest rate roughly inline with nominal GDP growth, even slightly better. Since the Fed started manipulating interest...
No comments:
Post a Comment