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Group: alt.philosophy · Group Profile · Search for put in alt.philosophy
Author: Tim
Date: Sep 17, 2008 18:38
... of America. At least one venerable money market fund just did the unthinkable and was forced to "break the buck" (primarily, as I understand it because of investments in Lehman Bros securities). They put a 7-day halt on depositors getting access to their funds but that's very likely just staving off the inevitable run for the exists as soon as trading resumes. It will be very difficult ...
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Group: alt.philosophy · Group Profile · Search for put in alt.philosophy
Author: Immortalist
Date: Sep 17, 2008 13:52
... MICHAEL HUDSON: No, it’s the worst possible move, and it puts the class war back in business with a vengeance. Wall Street has...a bad precedent, because they’re not simply bailing it out with putting taxpayers’ money through the Fed into taking on the risks of these ...bailouts. You know, you bail out Bear Stearns, effectively you’re putting up $30 billion to take Bear Stearns’s junk and say, ...
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