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Originally Posted by dalakhani
I am going to take a stab at Lehman Brothers. And, no, they should be allowed to fail.
Phil, as far as fannie and freddie goes, dont you think they received the ULTIMATE punishment? In effect both were wiped out in one fell swoop. Management was replaced in both and it is just a matter of time before all the employees become government employees. I know they still have jobs but many will be offered a pittance compared to what they made when the GSE's were private. How was anyone "saved" here? The only thing that might have been saved was the mortgage market.
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Darn it Philly! Why didnt you send me a PM telling me to call my broker to short this TODAY?
Cr