- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Lehman Watch Thread
Posted on 9/11/08 at 11:31 pm to Doc Fenton
Posted on 9/11/08 at 11:31 pm to Doc Fenton
If BAC buys Countrywide (instead of the Fed bailing them out), then buys LEH (instead of the Fed bailing them out), THEN gets bailed out by the Fed (because they absorbed a bunch of shite)...do you see where I was going with this? Maybe shell game was the wrong term, I don't know.
1
Posted on 9/11/08 at 11:38 pm to kfizzle85
The Fed does not have to bail out BAC, and won't be doing so anytime soon. The Fed simply provided incentives for acquisitions to take place, so as to expedite what are essentially Chapter 11 bankruptcies combined with takeovers.
Didn't Congress provide a boost to Countrywide after BAC agreed to take it? Didn't this happen with Bear Stearns and JPM?
This is not about forestalling bailouts until further down the road. This is about subsidizing acquisitions so that jobs and assets can be cut loose as quick as possible. There's a huge difference.
Didn't Congress provide a boost to Countrywide after BAC agreed to take it? Didn't this happen with Bear Stearns and JPM?
This is not about forestalling bailouts until further down the road. This is about subsidizing acquisitions so that jobs and assets can be cut loose as quick as possible. There's a huge difference.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News