Why was Lehman Brothers allowed to fail

8-16-2008 | edcoil

[edcoil]

Since unconfirmed reports have to be placed in Vanity, I will leave it up to MODS and posters as to this classification.

I was told Lehman was not bailout like Bears because most of Lehman's portifilo was in Europe not American investments and the Fed's knew Americans would not stand for bailing out Europe.

Any of our fund managers or more experienced folks know? I was told this comment was initially on the web by our Fed Chairman however was pulled later.

[CARepublicans]

If you work as a portfolio manager, you should know that most of Lehman’s investments are European investments. Why should America help them out?

[VOA]

bump

[VOA]

Forget about forgiveness. Jesus was into torturing greedy scum, apparently.

Well said.

Even if they didn't technically commit crimes, I'd love to see
the robber barons of Wall Street get the "OJ" treatment when they
go out to restaurants.
(Qietly booed and hissed at. Then either being asked to leave
by management...or find the resaturant has emptied out and they
are dining alone. And diners coming to the door doing an about-face
when they realize who is eating there.)

[Thane_Banquo]

America shouldn’t help them out. We also shouldn’t have bailed out AIG. There is plenty of private capital available to solve this problem, but the limousine liberal executives at the financial firms were holding out, playing possum, thinking they would get highly favorable, low interest, no strings loans from the Feds. When the government said they would let Lehman fail, and then fired all of AIG’s executives, suddenly the CEOs of these firms realized Paulson had called their bluff, and they panicked.