Posts Tagged ‘suprime crisis’
…it may mean a different kind of stock clearance than usual. And you may end up becoming an unwitting shareholder!!!
Because Lehman Brothers was not “too big to fail” (*).
All in all, had the US Treasury intervened to save Lehman too, it would have been even more worrying, as it have signalled a green light for further recklessness.
(*) Given what has happened in the past with companies filing for bankruptcy protection in the US, the actual complete demise of Lehman Brothers may be slightly exaggerated