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

[chiefted]

Actually worried about the next "one" to fall. I have been hearing and reading stuff about WAMU.

Though you could take this out further.

Chrysler got a loan.
Pan Am...not so much

[cjsmith.livejournal.com]

Yeah, I have too. All the littler guys are shaky when the big guys quake. All of this will be interesting to watch. (My cynical side adds "...if you live on enough land to grow food".)

[chiefted]

and of course I have no land what so ever.

Maybe it is time to move to Canada.

totally OT

[dawnd.livejournal.com]

"Someone" is right--that's a damn fine coat, and you look damn fine in it. Also, I <3 men in kilts. :^D

Re: totally OT

[chiefted]

Um...Thank *S*

[ladycelia.livejournal.com]

There's a WAMU near where I work--there was what appeared to be a run on it the other day. You couldn't have gotten another car in their lot with a crowbar.

[chiefted]

Eeek!

Other than my old Credit Union, WAMU is the first bank I have liked in a long time because of the customer service.

[roseembolism.livejournal.com]

I've beenn worrying about WaMu for a couple weeks; if it goes down, I'll be royally pissed. Figures the first bank that gave us decent service would implode.