Originally Posted by
Xavior
The Treasury Secretary refused to bail Lehmans out by taking on the debt or the deals would have gone through on the weekend. Once again, its the decision of how much the government should intervene in these situations.
And also, Bank of America took over Merrill Lynch for 50billion.
Not to mention AIG needs a loan of 40billion this week to stay afloat.
The fact is, the economy is in trouble. This can't be ignored.