What were the grounds used by the government to deem AIG suitable for their assistance, while allowing Lehman Bro’s to crash and burn? was it their zone of effect post-bankruptcy, or the amount of assets based in mortgages? i dont see why they help AIG, Let Lehman crash, Finance JPMorgan to buy Bear Sterns, AND seize WaMu and hold it for auction. what are their criteria?
Originally posted 2009-09-11 03:49:01.
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“To big to fail”
Thats the only answer you will ever get!
They figure if an entity gets so large that when it fails it will single handedly kill the world economy then they bail it out.