[madinmadtown]

Before the election I read that Soros had a lot of money in Lehman. In fact, there was some glee on this site that he had lost a lot of money and would not be able to throw so much money around in the election. So, if it was well-known that Soros was invested in Lehman, but assumed that he was one who lost money, not the one who caused their downfall...is that good cover or what? And why was Lehman allowed to fail when others weren't? Is it so that Lehman wouldn't have to go through the scrutiny of others are going through now?

[April Lexington]

Good questions, all. Soros tends to work in the shadows so no body is ever sure what happens to him. As for Lehman, it seems they were the sacrificial goat in all of this. Maybe Fuld acted too quickly. But, he didn't have much time. Payroll is the biggest draw on cash and stiffing his workers because he was out of cash or credit would have been equally a problem. In the end, the workers and the investors lost big time. The Government should have stepped in (now that the floodgates are open. The Bank of England or the British government could have helped also. I saw King's comments this morning where he blamed the UK meltdown on Lehman.