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Bailouts and buyouts

cjsmith: (quicken)
[personal profile] cjsmith
Wednesday, September 17th, 2008 06:47 am
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?
  • Current Mood: curious
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[identity profile] cjsmith.livejournal.com
Wednesday, September 17th, 2008 02:45 pm (UTC)
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".)

[personal profile] chiefted
Friday, September 19th, 2008 05:11 pm (UTC)
and of course I have no land what so ever.

Maybe it is time to move to Canada.
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