WillyT
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Wed Jan-20-10 09:42 PM
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The Last U.S. President To Close, Nationalize, Or Let Die... A Major U.S. Corporation Was... |
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George W. Bush ??? Lehman Bros. :wtf: :puke:
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FrenchieCat
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Wed Jan-20-10 09:44 PM
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The current President kept the Auto Company from going under instead.
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WillyT
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Wed Jan-20-10 09:56 PM
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4. And Hell Yeah I'll Take The Auto Companies Before The Wall Street Masters Of The Universe... |
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That's the fucking problem.
Most conservatives would have cut General Motors loose, yet made sure the Right To Work states in the South, where Toyota and Honda have major pull, were fully protected.
I wanted GM to be bailed...
Goldman Sachs, AIG, etc... Not so much.
:shrug:
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RB TexLa
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Wed Jan-20-10 09:58 PM
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7. Bailing them out was the easy way to go. They all should have had to own their failures. |
steveorg
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Wed Jan-20-10 09:54 PM
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As much as I hate having to save corporate America's ass from itself, when they are too big to fail, failure hurts us all. Lehman's was too big and was the final domino to shred the economy. Sure the economy would have still have been a basket case, just significantly less of a basket case if Lehman's was saved.
I'm with the "too big to fail, too big to exist crowd". Regulate the bastards down to size!
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sharesunited
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Wed Jan-20-10 09:54 PM
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3. And Enron, which also took down a major accounting firm. |
alittlelark
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Wed Jan-20-10 09:56 PM
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5. Not just Lehmans....... |
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The ugliness of the situation makes us unable to look at it for more than a few moments......
....sigh....
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steveorg
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Wed Jan-20-10 09:58 PM
Response to Original message |
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As much as I hate having to save corporate America's ass from itself, when they are too big to fail, failure hurts us all. Lehman's was too big and was the final domino to shred the economy. Sure the economy would have still have been a basket case, just significantly less of a basket case if Lehman's was saved.
I'm with the "too big to fail, too big to exist crowd". Regulate the bastards down to size!
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DU
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Fri Apr 26th 2024, 04:59 PM
Response to Original message |