Paul Krugman in today’s NYT: Financial Russian Roulette. I say, fuck Lehman. It will most likely suck for everybody when the consequences are felt, but I and my offspring shouldn’t be on the hook for the failure of a few assholes and their poor business practices.
“…if institutions need to be rescued like banks, they should be regulated like banks — why were we so unprepared for this latest shock?”
Taxpayers aren’t an insurance policy; that’s what the FDIC is for.

Date posted: September 15, 2008 | Filed under money, shortlinks | Comments Off on Lehman meltdown

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