The great bailout of 2008: bail, baby, bail

Reading Time: < 1 minute March 16: Bear Stearns, $29 billon Sept. 6: Fannie/Freddie, $200 billion Lehman Brothers: sorry baby no bail AIG: $85 billion Who is the next??? Essentially Fed/Treasury are transfering the downside risks from individual companies to the fed/treasury/greenbacks. Note the money pledged to support Fannie/Freddie/AIG could exceed the original number if the problem worsens. I can… Continue reading The great bailout of 2008: bail, baby, bail