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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (495885)	7/17/2009 11:37:08 AM
From: tejek	Read Replies (2) \| Respond to of 1576348

First of all, as I understand it, GS was allowed to pack back the money they borrowed plus interest because that's good for the American taxpayer. Is there something I am missing with why that was bad? As for that whole Bear Stearns/Lehman Bros. mess, the truth about Bear Stearns is that Wall Street didn't like the company because of past crap they had pulled and no one was about to lift a finger to save them. This was before gov't money was getting injected......and so they were dependent on private sector help and when that didn't happen, they failed.....not a big loss. Letting LEH fail was a huge mistake; everyone including Paulson agrees on that one. Was Paulson as a former CEO of GS pulling a fast one on America? I don't think so. Letting LEH fail was part of the GOP playbook....after all, Paulson is an R.....gov't doesn't intervene in the private sector. That's all the Rs on this thread whine about 24/7. As for AIG and FRE/FNM, they came after the disaster that was LEH and everyone was ready to prevent another LEH. I didn't finish watching the rest of the vid........its hard for me to watch a little fat fukk wearing a tie and dress clothes with running shoes [so that we think he's cool] whine on and on about sh*t he doesn't understand very well.