Will the US Government now become a victim of Greenmail?
Tags: Bailout + China + Gulf. Dollar. US Dollar + Lehman + moral hazard + Russia + Treasury + US Deficit
With the bailouts of Fannie Mae and Freddie Mac, the shotgun marriage of Bear Stearns to Chase, the Highway Trust Fund re-capitalization, and the ensuing takeover of investment bank Lehman, we have realized the consequences of “moral hazard” and it does not bode well for the future. Sources report that the Fed and Treasury are making contacts for Lehman to get […]
September 12, 2008 - Economy, Markets, Politics - 0 Comments
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