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09-15-2008, 09:42 AM
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#1 (permalink) |
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My termites win
Join Date: Aug 2007
Type: intp
Location: North of somewhere (so not the south pole)
Posts: 3,203
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Lehman Brothers files for Bankrupcy
AFP: Lehman Brothers bankruptcy, US crisis hits European stocks
In addition: AFP: Bank of America to buy Merrill Lynch for 50 billion AIG Asks the Fed for Help — Global Strategy Watch Political Radar: Greenspan to Stephanopoulos: This is 'By Far' the Worst Economic Crisis He's Seen in His Career Thoughts?
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sloan+ Rxua|I|; primary Inquisitive; R(82%)L(52%)U(62%)A(54%)I(86%) CTO of IPTN (see Maverick's Sig.) and member of Maverick's Biker Club. Accept the past. Live for the present. Look forward to the future. My Blog I linked some of your blogs; if you feel that is inappropriate, please let me know. |
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09-15-2008, 11:09 AM
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#2 (permalink) |
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Senior Member
Join Date: Jul 2007
Type: ENTP
Location: Upstate NY
Posts: 307
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I saw this on the news at my parent's house yesterday. I jokingly said "I'll buy it!", my dad responded with "Yeah, you probably will. You, me, and every other tax payer..."
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Extremes: Need To Pursue A man walks into a bar and orders a drink. His alcoholism is tearing his family apart. |
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09-15-2008, 03:23 PM
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#3 (permalink) |
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Senior Member
Join Date: Aug 2008
Type: xNTJ
Location: The frozen tundra
Posts: 445
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I'm amazed that there's no bail-out. Glad that there's no bail-out, but still surprised.
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"If you can't be a good example, you'll just have to serve as a horrible warning." Catherine Aird |
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09-15-2008, 03:45 PM
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#5 (permalink) |
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Lallygag Moderator
Join Date: Apr 2007
Type: INXP
Location: Southern England
Posts: 4,603
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This page is quite interesting - particularly the acceleration in sub prime lending and the end game. It's all so obvious, with hind sight!
BBC NEWS | Business | Global credit crunch, facts and figures |
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09-15-2008, 04:28 PM
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#7 (permalink) | |
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Banned
Join Date: Jul 2008
Type: INTP
Location: The Everlasting Sky
Posts: 9,359
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Quote:
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09-15-2008, 05:02 PM
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#8 (permalink) |
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Incoherent Radiance
Join Date: Jul 2007
Type: ENTP
Posts: 2,124
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I remember several years ago I read a blurb about how Congress during the Bush administration loosened lending regulations. My response was, "this will probably have some subtle economic effect that most people won't notice much like changes to the tax codes." Well I have to admit that I was wrong. The effects are by no means subtle.
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09-15-2008, 05:13 PM
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#10 (permalink) | |
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Order Now!
Join Date: Feb 2008
Type: ESFJ
Location: Hollywood
Posts: 4,598
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Quote:
The Bush administration isn't a particularly regulation-averse one (Carter and Reagan were a lot better about cutting red tape, for instance). The problem isn't a lack of regulations. It's that the Bush administration has little-to-no oversight. They make hack political appointments throughout the federal government.
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Who wants to try a bottle of merc's "Extroversion Olive Oil?" |
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