SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Madharry who wrote (32018)9/17/2008 8:06:36 AM
From: Fiscally Conservative  Respond to of 78748
 
Madharry,

Solid thoughts,imo.

I too believe our government had no choice. The needs of the many outweight the needs of the few or the one. Where LEH was not as highly involved with CDO's as AIG the larger concern would be the obvious. I am also sure their was politics involved;LEH being off the street is a win/win for GS.
The Fed also provided 75bil and more to JP Morgan to eradicate them from LEH exposure which in many ways was helping LEH by reducing that debt obligation,imo. Intervention is everywhere. Outside the obvious interventions one can just look under a few rocks and find much more.
AIG will survive this as well the common. Today will be an interesting day on the streets.



To: Madharry who wrote (32018)9/17/2008 9:01:05 AM
From: valueminded  Read Replies (1) | Respond to of 78748
 
I doubt the government got a good deal. I think the bailout cost will be more then predicted.