JasonC

Why Lehman Wasn't Saved

"it's certainly good news for the robustness of the global financial system"

It is official - the moralizing ideologues have gone stark raving moonbat mad.

There is only one reason Lehman is bankrupt and it isn't your little morality play or market efficiency, it is your reckless ideology and the political pressure you and those like you have deliberately engineered.

And that will destroy AIG, Washington Mutual, Wachovia, and dozens of other companies before this ends. I dearly hope it ends with you on a soup line or living in a socialist republic.

The recklessness shown on this subject by the present financial press is exactly parallel to the recklessness shown by the left on security. It ends the same way - heads sawn off. We can hope only wealth in this instance, but that remains to be seen.

The level of untouchable complacency shown by the writer of this piece would be touching if it weren't obscene. You are fiddling as Rome burns.