European Tribune - Comments - MLECTARPPPIF, Same Story

MLECTARPPPIF, Same Story | 82 comments (82 topical, 0 editorial, 0 hidden)

Re: MLECTARPPPIF, Same Story (none / 0)

What is wrong with saving the salvageable?

Or did you mean "salvaging the unsalvageable"?

You saw what good it did letting Lehman go bust.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Tue Feb 10th, 2009 at 01:56:28 PM EST
[ Parent ]

Lehman (4.00 / 4)

The problem was not letting Lehman go bust - that was actually a good decision. No, the problem is that the Villagers decided, after that episode, that they could not let any other financial institution fail. That's the real problem: they circled the wagons.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Tue Feb 10th, 2009 at 01:59:25 PM EST
[ Parent ]

Re: Lehman (4.00 / 3)

The whole thing was schizophrenic from the fall of Bear onward.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin

by Drew J Jones (myfriends@thisispancakes.com) on Tue Feb 10th, 2009 at 03:06:50 PM EST
[ Parent ]

Re: Lehman (none / 0)

Lehman is going to be a hell of a bankruptcy to go through... I have read estimates that it will take at least 6 years.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Tue Feb 10th, 2009 at 04:19:39 PM EST
[ Parent ]

Re: MLECTARPPPIF, Same Story (none / 0)

Grr, "unsalvageable."

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Feb 10th, 2009 at 02:00:46 PM EST
[ Parent ]

MLECTARPPPIF, Same Story | 82 comments (82 topical, 0 editorial, 0 hidden)

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