This is exactly what Soros wrote he expected the government to do was bail out Lehman. Why would he have that expectation? And did he have anything to do with a need for government to bail out Leham?
all the derivatives babies thought Lehman would be bailed out...the story is that Paulson wanted Lehman bailed out, but that Bush refused to do it. When traders realized that there would be no bailout-panic ensued...as they knew their essentially gambling losses would not be covered-sell, sell. All the traders had that expectation...Fox business discussed it endlessly
An article discussing the government bailing out Lehman before the collapse; Everyone knew about the situation and expected a government bailout.
“Despite the announcement, Sean Egan of the credit rating company Egan Jones said he thought a government bailout of Lehman was still likely, despite the moral hazard — the risk that companies will start making irresponsible decisions on the assumption that the government will save them should things go awry.
“In the struggle between moral hazard and market collapse, the fear of market collapse is too high,” Egan said.”