We need Lehman to collapse and have a systemic meltdown. This is a GOOD thing. There may be a lot of short term pain but it will clean out the system and all the bad risk will be accounted for and we can begin anew.
We cannot expect the government to intefere in free markets like this…it is ludicrous! Every single troubled industry now has it’s hands out for a bailout from the government. As Rogers said it’s “socialism for the rich”. We’re privatizing the profits and socializing the losses. Lehman needs to fail, they took the risks and knew the outcomes.
