If the Bush Treasury
Secty. Henry Paulson, who retired from Goldman Sachs with a fortune estimated at $700M (wow, that was SOME OVERTIME) let his main competitor, Lehman Brothers, just fail--period--on 9/14/08, then they'd be sure to get the TARP
bailout for the survivors--themselves. Sadly, today this is often what passes for competition in multinational business in our country. You'll want to jump to the second half the the BookTV program to see McDonald who is riveting.
A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers
by Lawrence McDonald; Patrick Robinson
It's OK, "Bam's got this one", but it really becomes harder and harder after the cascade of 'accidental' crises left by eight years of Republican government
to tend to the basics like restoring the Glass-Steagall Act and PAYGO, banning naked shortselling, and preventing banks and hedge funds from shopping for their own regulators, but yet must be done if we are to reclaim our Democracy. All of these hurt individual citizens and investors while letting the irresponsible parties off scott free.
(Amazon.com)
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