[quote=A Paulson source]”There are two things that make this different from Bear Stearns. The market’s been aware of the situation for a long time and has had time to prepare. Second, the Primary Dealer Credit Facility was created by the Fed to allow time for an orderly process,”
“Given these things, (Paulson) is adamant that there will not be government money used in the resolution of the situation,” the source added.[/quote]
So Paulson states adamantly no Government bailout for Lehman.
Given his track record I’d say expect a bailout on Sunday.
His foot in the door is not using Government money, because he will use taxpayer money.
I hope I’m wrong.
Investors who thought they were investing in a sound company were screwed, banks jointly leveraged with Lehman, and insurance companies will be hit too.
