> On Sep 16, 8:37 am, Robert Cohen msn.com> wrote:
>

>> True and are anti-pubic interest, because these financial behemoths
>> are intricately dynamic & essential utilities, as so many people and
>> dealings are inter-depending on 'em

>
> Wheras that doesn't apply to our beneficient gov't?
>
> Obviously Lehman Bros., for example, wasn't considered an "essential
> utility". On the other hand was Bear Stearns?
>
> Btw, did you notice how Barclays slipped in there today to pick up the
> best parts of Lehman. The rest of it will be allowed to collapse - as
> well it should. But tell me Robt. how that effects you? Did you have
> stock in Lehman? Do you have a position in mortgage derivatives or
> credit related swaps or auction rate securities?
>

>> Our houses of cards are self-destructing if not intervened upon by
>> Uncle Sam

>
> Well, that begs the question doesn't it?
>

>> We are re-learning the Herbert Hoover era dilemmas

>
> Well, we should but we aren't in fact. Hoover was far, far from a
> laissez-fairest. In fact his actions were perfectly designed to worsen
> the Depression, e.g. raising taxes, imposing high tariffs, tightening
> the money supply. FDR, your hero, marched in and made matters even
> worse.
>
> Fred Weiss