JohnL

Too Big to Bail: Lehman Brothers Is the Model for Fixing the Zombie Banks

"Thus, its not worth the risk to dismantle these banks. If Lewis and Pandit are able to keep their businesses going with a few injections here and there, that is by far the better option."

Who is providing the injections? The bondholders or the taxpayers? Yeah, I thought so. To borrow from the Iron Lady, the problem with bailouts is that you eventually run out of other people's money.