Just three days ago, after looking at the prospect of bailing a string of distressed financial institution in the country, the US government seemingly drew a line in the sand, and refused to bail out Lehman Brothers. The authorities clearly saw Lehman’s demise as a trial balloon to see how the markets would react if the government stayed on the sidelines. That trial balloon quickly turned into the Hindenburg.
Paulson Goes All In
Paulson Goes All In
Paulson Goes All In
Just three days ago, after looking at the prospect of bailing a string of distressed financial institution in the country, the US government seemingly drew a line in the sand, and refused to bail out Lehman Brothers. The authorities clearly saw Lehman’s demise as a trial balloon to see how the markets would react if the government stayed on the sidelines. That trial balloon quickly turned into the Hindenburg.
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