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Originally Posted by 1QWIKBIRD
I agree 100%. If you mismanage your personal finances, does the gov bail you out? Then why are we bailing out these banks? Lehman Bros. 158 year old firm, down the tubes because of mismanagement and greed...and I am willing to bet the CEO, CFO etc. still get their millions and walk off into the sunset....I hope karma bites them all right in @$$, like it did to the Enron folks.....
Sometimes ya gotta bleed alittle bit...The more the gov't bails out these companies, the more you promote the behavior. "Oh, don't worry the gov't will step in and make it all good"....Uncertain times, for sure.
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i forget the actual numbers but the CEOs for Lehman, and AIG and Fannie Mae etc. all walked away with a few billion dollars.