Jeffrey A. Miller

Debating the Lehman Collapse

gramps2: kudos! It must get old repeating yourself. I believe Bear, Fannie, Freddie, Lehman, et. al. must be allowed to fail. If the system cannot survive a collapse then we have no system. Let them fail, wait for the dust to settle and pick up the pieces after.

Creative Destruction is required for our capitalist system to succeed. Each bailout is one more step to a nationalized financial system.

And people like OregonRain and myself (yeah, I've got a small business too and everything I own is at risk every day) are the ones who pay the price. Lehman gets to borrow at the Fed. My credit line gets shut down. I'm transparent and solvent. Bring the SOB's down.