I don’t know why you bother. Thanks for trying, though.
I don’t think these folks understand who is being “bailed out” and who is losing everything. Hint: if everything you’ve invested in a company disappears, you’re not being “bailed out” out of anything.
I'm a glutton for punishment.
Amazing how many people are using the word “bailout” without understanding of what’s going on, or as a catchall phrase signifying all that’s supposedly wrong with government action(s) that are necessary to stem the mother of all systemic risks in financial system (admittedly caused, at least in part, by some dumb government policies).
Feds are obviously and transparently preemptive now (which is a good thing), and want to “Countrywide” Lehman before they have to “Bear Stearns” it in a panic atmosphere. Countrywide sale to BofA was also engineered on Thursday night, though without visibly “open” involvement of federal regulators and Fed.
Wonder if BofA or JPM will get Lehman, and who will then absorb WaMu, only because they are still digesting recent so-called “bailouts”.