Abstract: “the American people could’ve tossed a few billion at it so it could’ve survived and paid its principals millions in bonuses.”
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They weren’t punished enough.
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I just bought big bag
$ONION#DeepOnion and i think this is next big thing. Check out@deeponionx =#privacy +#blockchain protectionThanks. Twitter will use this to make your timeline better. UndoUndo
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Lehman was leveraged out its ass, borrowing something liked $30 for every $1 it made. They didn’t have to die, but they also didn’t have to be run by greedy fucking assholes who never foresaw a market move against them.
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Lehman ate shit due to people not believing in their sanctity, not because they made bad decisions. simple as.
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It’s true. US Government bailed out everyone else and imposed moral hazard on Lehman selectively
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He should be in jail.
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