Another Day another Bail Out?

By stlo7 ( September 12, 2008 at 3:55 pm) · Filed under News, Stlo7

This time Lehman Brothers

Via WXXI (Reuters)

NEW YORK/WASHINGTON (Reuters) - Concern that Lehman Brothers Holdings Inc may fail to find a buyer because the U.S. government is reluctant to provide financial backing sent the investment bank’s shares tumbling to a nearly 14-year low on Friday.

Are we addicted to Bailouts now?

So as these banks, investment firms and such fail - we need to ask ourselves why did it happen and what are we doing to ensure it doesn’t happen again.

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Related posts:

  1. D&C editorial board gets it Right re, “the Bail Out”
  2. Maffei opposes bail-out
  3. Money Quotes from David Cay Johnston on WXXI
  4. Wall Street Bonuses: Maybe we need a different engine….
  5. We told you so - Senator Schumer

2 Responses to “Another Day another Bail Out?”

  1. jr says:
    September 12, 2008 at 6:56 pm

    Repubs deregulate industries then we have to spend 11-12 figures of tax dollars bailing them out

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  2. rochesterturning.com: turning the tide upstate says:
    September 14, 2008 at 12:07 pm

    [...] The economy continues to hum along in the wrong direction. And Fannie and Freddie again illustrated how we privatize profits and socialize risks. Another bail out? [...]

    Reply

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