Inside Job Trailer Misses The Mark On Lehman
First a correction: Lehman creditors are getting 17 cents not 9 as the trailer shows, and Lehman was a cauldron of fraud that deserved to fail. The initial bankruptcy process was flawed certainly, and demonstrated that Paulson and Bernanke were clueless about the ripple effects, but the decision to let Lehman go was the only thing they got right.
As we wrote in a previous story:
Though he's cognizant of the fraud, with measured stupidity Ferguson also buys into the Kanjorski-Paulson martial law, blood-in-the-streets, 17th-century-you'll-be-milling-your-own-wheat fear mongering, which as we've detailed and proven on multiple occasions was nothing more than highly granulated hyperbole meant to frighten a financially illiterate Congress and media corps into gentle acquiescence to the demands of their Sith Lords.
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See the rest of the trailers here...
Aug 1, 2011 at 2:40 PM
Reader Comments (6)
us mint must pay more for silver...
Matt Damon sat down with Piers Morgan for an interview that will air Thursday night, and among other things, talked about his feelings on the first two years of President Obama's administration. During the 2008 Presidential campaign, Damon was a vocal Obama supporter, campaigning for the then-candidate at rallies, promoting him through a MoveOn video contest and attending fundraisers for him.
Now, he's not so enthused about Obama. When asked if he was happy with the way the President is running the country, Damon said, point blank, "no."
Maybe you should have supported Sarah Palin.
Dude! Smokin' prose. I bet the hairs on the back of your neck stood up and took a bow after your fingers finished that one!
If Lehman had 450B they'd still be in business. 450B is probably 3 or 4 times the amount they needed to fill the giant hole in their balance sheet.