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

[billeyler.livejournal.com]

I've JUST started studying up on this, but all the others seem to have vast amounts of foreign creditorship ties that can't be severed or somehow if total failure happens the overall economic scenario is liable to topple. Or some key person in Lehman Brothers could have just pissed someone high ranking in the government off, as you said.

[cjsmith.livejournal.com]

So one key piece might be that Lehman was more domestic in focus?