Very good summary of the situation with LEH. Fortunately with the internet, one can explain the one-sidedness of the system, and maybe citizens will stand up and take some action ... The USA is a litigious society... well citizens, get off your arses and do something! There have got to be some attorneys out there that can argue the actions of government are against the law, constitution, or otherwise the government has failed in its duty. Maybe no attorneys in America are willing to take up that fight ... maybe it takes outsiders (eg. a foreign nation) to bring forth action!
Similarily, the government should not bail out "insurers" like AIG, who actually manufactured products similar to the investment banks.
Let Lehman Fail [View article]
The USA is a litigious society... well citizens, get off your arses and do something!
There have got to be some attorneys out there that can argue the actions of government are against the law, constitution, or otherwise the government has failed in its duty. Maybe no attorneys in America are willing to take up that fight ... maybe it takes outsiders (eg. a foreign nation) to bring forth action!
Similarily, the government should not bail out "insurers" like AIG, who actually manufactured products similar to the investment banks.