Wednesday, September 17, 2008

What If The Government Saved The World And No One Cared?

That seems to be the case today. With Goldman down 40%, MS looking like it's going to $10, what are they going to do now?

Is everyone hoping a big bank comes in and buys the remaining brokerages?

Really? Which big bank?

I wonder what would have happened if BSC was allowed to fail. Would we have seen serious deleveraging these last few months? Yes, it would have been painful, but would it have ended up saving more of these companies?

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