Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

The Last U.S. President To Close, Nationalize, Or Let Die... A Major U.S. Corporation Was...

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
WillyT Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-20-10 09:42 PM
Original message
The Last U.S. President To Close, Nationalize, Or Let Die... A Major U.S. Corporation Was...
George W. Bush ???

Lehman Bros.



:wtf:

:puke:

Printer Friendly | Permalink |  | Top
FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-20-10 09:44 PM
Response to Original message
1. Yep.
The current President kept the Auto Company from going under instead.
Printer Friendly | Permalink |  | Top
 
WillyT Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-20-10 09:56 PM
Response to Reply #1
4. And Hell Yeah I'll Take The Auto Companies Before The Wall Street Masters Of The Universe...
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:
Printer Friendly | Permalink |  | Top
 
RB TexLa Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-20-10 09:58 PM
Response to Reply #4
7. Bailing them out was the easy way to go. They all should have had to own their failures.
Printer Friendly | Permalink |  | Top
 
steveorg Donating Member (18 posts) Send PM | Profile | Ignore Wed Jan-20-10 09:54 PM
Response to Original message
2. That was a mistake
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!

Printer Friendly | Permalink |  | Top
 
sharesunited Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-20-10 09:54 PM
Response to Original message
3. And Enron, which also took down a major accounting firm.
Printer Friendly | Permalink |  | Top
 
alittlelark Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-20-10 09:56 PM
Response to Original message
5. Not just Lehmans.......
The ugliness of the situation makes us unable to look at it for more than a few moments......


....sigh....
Printer Friendly | Permalink |  | Top
 
steveorg Donating Member (18 posts) Send PM | Profile | Ignore Wed Jan-20-10 09:58 PM
Response to Original message
6. That was a mistake
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!
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Fri Apr 26th 2024, 04:59 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC