Sunday, March 30, 2008

Lehman fleeced in Japan

Looks like another investment bank gets taken for $350 million.

Interesting times for sure.

Who's watching the risk these days? Has anyone done any serious due diligence on these deals?

Anyone else tired of TAXPAYER funds bailing out these Wall Street veterans? This litany of woe just never ends, decade after decade. Seidman and the RTC, Big John and his band of renowned at LTCM and now the Bear Bailout....taxpayer funds to the rescue.

Any idea when the taxpayer will share in the upside?

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