Lehman down. $631 billion dollars out of pocket.
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- Sublime Prince of teh Royal Sekrut Strat
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Re: Lehman down. $631 billion dollars out of pocket.
The looming bailout is a profit center for a lot of these banks. They buy the fucked up banks for a song and then wallow in profits when the bailout arrives.
"A few months ago, I told the American people I did not trade arms for hostages. My heart and best intentions still tell me that's true, but the facts and evidence tell me it is not." - Ronald Reagan 1987
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- Sublime Prince of teh Royal Sekrut Strat
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Re: Lehman down. $631 billion dollars out of pocket.
What scares me most about the bailout is the precedent that it's setting.
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