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If Lehman Brothers Fails

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Baltimore:
http://www.reuters.com/article/hotStocksNews/idUSN0842492020080914

As of 8:45PM tonight it appears that the government is not going to bail out Lehman Brothers.  This is the right thing to do. Bailing out private institutions and making them government owned is a form of socialism.

If there is no bail out then we are in for some rough economic times on many levels. There could be mass panic in the morning or the next few days and there could be bank runs soon after.

Lehman Brothers has its hands in just about every financial market in the world. It will be like the first in a series of dominoes falling down.

One positive that should eventually come out of this is a massive drop in housing prices. Once Lehman fails and then some large banks fail they will be forced to sell assets and the market will be flooded with houses.

Monday should be interesting...

Roadwarrior:
(sorry for the crosspost)

Your comments are right on
it would have been the beginning of
a financial apocalypse.....
as would have been the failure of Bear Stearns ....

I have some Lehman Bros garbage  in  a money market ....

I was very worried about potential financial catastrophe

Also I wish Greenspan wouldnt keep opening his mouth ...
he has caused enough trouble ...

Lewinsky Stinks, Dr. Brennan Rocks:
Housing prices, even today, are as inflated as oil is. The housing market is 100% driven by robber-baron speculators. Since Fannie Mae and Freddie Mac are amongst the biggest campaign contributors to politicians, of both parties, on the planet, it was only natural for these whores to bail out these corporate beasts just like they did the airlines after 9/11. Obviously it would be a good thing for big players in the housing market--or any multinational corporation for that matter--to go belly-up, with no bailout. These pigs have raped the American consumer for far too long. No average-sized house should cost, today, more than 50-100k. Since virtually all houses are built by gutter-wage wetbacks (instead of unionized construction workers), housing prices, adjusted for inflation, should be infinitely cheaper today than yesterday, which isn't the case. *desperately misses rolleyes emoticon*

Americanhero1:

--- Quote from: C.F. on September 14, 2008, 10:19:47 PM ---Housing prices, even today, are as inflated as oil is. The housing market is 100% driven by robber-baron speculators. Since Fannie Mae and Freddie Mac are amongst the biggest campaign contributors to politicians, of both parties, on the planet, it was only natural for these whores to bail out these corporate beasts just like they did the airlines after 9/11. Obviously it would be a good thing for big players in the housing market--or any multinational corporation for that matter--to go belly-up, with no bailout. These pigs have raped the American consumer for far too long. No average-sized house should cost, today, more than 50-100k. Since virtually all houses are built by gutter-wage wetbacks (instead of unionized construction workers), housing prices, adjusted for inflation, should be infinitely cheaper today than yesterday, which isn't the case. *desperately misses rolleyes emoticon*

--- End quote ---


I agree
C.F. here is the roll eyes  ::)

Tzvi Ben Roshel1:
if their is no bailout, and these big corporations fail, then what do you think will happen to the average joe and the economy as a whole? We are in a hugg mess, I dont see the situation looking too good for anybody.

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