Home › Forums › Financial Markets/Economics › Lehman Bailout this Weekend (Bear Stearns replay) › Bubblesitter wrote: Everyone
[quote=Bubblesitter] Everyone knew Lehman was in very bad shape 8 months ago. What took so long to try to resolve this? [/quote]
Well, Wall Street figured that anything larger than Bear Sterns will get bailed-out. So they’re waiting for their hand-outs.
The bail-outs are sending the wrong message to the homeowners waiting for their white knights as the phantom inventory sits and sits.
Greenspan this morning on ABC’s This Week http://abcnews.go.com/Video/playerIndex?id=5798760
http://blogs.abcnews.com/politicalradar/2008/09/greenspan-to-st.html
