Bailouts and buyouts

[cjsmith]

Bear Stearns got a government-orchestrated purchase.
Fannie and Freddie got a Federal takeover.
Merrill Lynch got a government-orchestrated purchase.
"The free ride is over", people said as Lehman was left out to hang.
But today AIG got an $85 billion Federal bailout.

What's with Lehman? Did Dick Fuld piss off Henry Paulson or something?

Comments

[greendalek.livejournal.com]

I'm wondering if it'll be Obama or McCain who ultimately announces the first 5-year plan and declares farm/factory collectivization.

[cjsmith.livejournal.com]

I've got my guess on that one. We can both open our sealed envelopes in a year or two.

I admit I feel a definite edge of "I'm spending my savings before it all gets taken away." (Or simply vanishes.)

[roseembolism.livejournal.com]

Yay! The economy's collapsing! LET'S GO SHOPPING!