Total Cost Of The Financial Bailout To Date. Jump to Comments. * $29 billion for Bear Stearns * $143.8 billion for AIG (thus far, it keeps growing) * $100 billion for Fannie Mae * $100 billion for Freddie Mac …
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The deep and profound absurdity of these bailouts is we are bailing out the least deserving institutions out there. Think of the almost comical nature of these bailouts :. (a) Get too big to fail . Example: Bear Stearns making stupid …
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Was Lehman Brothers too big to fail ? AIG? Washington Mutual? Bear Stearns? Indy Mac? What about a complete system collapse? Is the government too big to fail ? “Peter I love you, but you always take these things to an extreme… …
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To recap the financial bailout largesse SO FAR: $170 billion stimulus package by President Bush in March 2008; $29 billion for Bear Stearns; $200 billion for Fannie & Freddie (but with an explicit guarantee for $5.2 trillion of their …
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As our April-May editorial put it after the then-unprecedented $30 billion bailout of “too big to fail ” Bear Stearns:. “Finance capitalism, ‘uncoupled’ from production, feeds the illusion that profit can come from speculative bubbles. …
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If we place bets with a bookie and the odds go against the bookie, the bookie will fail , as apparently happened to AIG, necessitating an $85 billion bailout of the insurance company, and to Bear Stearns resulting in the demise of the …
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If we place bets with a bookie and the odds go against the bookie, the bookie will fail , as apparently happened to AIG, necessitating an $85 billion bailout of the insurance company, and to Bear Stearns resulting in the demise of the …
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Thus, one day the Fed rescues AIG, Bear Stearns, Fannie Mae, and Freddie Mac, and the next it allows Lehman Brothers to fail , under the amply justified pretext of “teaching a lesson” and refusing to fuel moral hazard. …
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The bailouts so far have allowed the institutions that took irresponsible risks to fail (eg Bear Stearns and Lehman Brothers), while protecting their creditors. This has the effect of punishing the executives and shareholders of these …
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“Recently, we have seen major US institutions fail : Bear Stearns, Fannie Mae and Freddie Mac, Lehman Brothers, Merrill Lynch, AIG. And, two retail banks – not investment banks: Washington Mutual, and Wachovia. …
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