Obama is Bush part 3

Debating the Lehman Collapse

"Hmm. Seems to me that buyers of firms shorted to death (Countrywide, Bear, Indymac,Leh...) won't..."

Every example you cited (except LEH, which is on going) has been found in hindsight to be insolvent. BAC has refused to guaranty the debt of Countrywide. JPM refused (even with the Fed's gun to his head) to take Bear Stearns unless the Fed took $29 billion of garbage. IndyMac is already straining FDIC.

And Goldman Sachs has said flat out they will not take LEH unless the Fed or Treasury takes some bad assets out of the mix.

So either Goldman is crazy -- or Research123 thinks he knows more than people who have actually been given detailed access to LEH's books.