If LEH fails, I am sure the sun will rise tomorrow. So let them fail. That is the risk of being in business. Having big daddy government use taxpayer money to bail any business out is flat out wrong. Feeling pain is good. Maybe next time poor business practices will be avoided because the pain is so bad. A bailout doesn't allow the patient to feel that pain.
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If LEH fails, I am sure the sun will rise tomorrow. So let them fail. That is the risk of being in business. Having big daddy government use taxpayer money to bail any business out is flat out wrong. Feeling pain is good. Maybe next time poor business practices will be avoided because the pain is so bad. A bailout doesn't allow the patient to feel that pain.
Sep 11 14:35 pm
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All Comments by kurt walter »Lehman in Dire Financial Straights [View article]