Konsta

Greenberg's Chutzpah

my point is, that's why they changed their approach with Citi

Greenberg's Chutzpah

the government has been doing things ad hoc, they facilitated the takeover of Bear Stearns, let Lehman fail, wiped out FNM, FRE and AIG shareholders, and now they are seeing that wiping out equity..duh...scares investors, that is private funds being invested in institutions, they could have avoided it by not letting Lehman fail, moral hazard is Obviously a Moot point, but their lack of insight has made all the bail outs much more expensive (than Lehman's market cap, for example). Bernake's defense of the government's decison to let Lehman fail is laughable,

it's all been a joke that would be funny if I didn't have money in stocks