No bailout for LEH - doesn't this show BSC bailout was balls?

Discussion in 'Wall St. News' started by Cutten, Sep 15, 2008.

  1. Cutten


    Supposedly BSC was bailed out to prevent the dreaded "counterparty risk". Yet now a mere 6 months later, suddenly that risk is not really that big a deal, and the markets are capable of handling it?

    Either letting LEH hang is a disastrous mistake (which it isn't), or bailing out BSC was totally unnecessary.

    In any case, events will now demonstrate that their is nothing special about investment banks - they can go broke without causing the system to go down. The neo-socialists will be revealed as alarmist scaremongers.