Saturday, September 13, 2008

Another Bailout?

Will the US taxpayer yet again be forced to bailout another bank?

There is a possibility that Lehman Brothers Holding will be bailed out by the US government, to save yet another big bank from crashing and burning.

It appears that no one wants to buy the dying bank, so there are only 2 options left then, let it die, or force it on the taxpayer, and I think that the second option will prevail, no matter what anyone says.

It seems that it is ok to help big corporations and all those CEOs with their gazillion dollar bonuses must always be saved, but there is never such an effort made for the average Joe.

So the conclusion is simple, be a CEO with lots of bonuses and not an average Joe

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