Date: October 28th, 2008

From the confessional: Part 2, I’m not greedy, what about you?

28 October, 2008 (04:22) | Capital markets, Subprime, US News | No comments

[Continued from yesterday’s Part 1.]
 

Sometimes it takes one catastrophic collapse to illustrate the larger dangers. 
 

There goes my collateral
 
Had Lehman been saved, then nobody would have failed up to now.  Joe and Jane Public – and their elected representatives – might not have swallowed hard and enacted TARP.  (Humans have a great capacity to doubt […]