10 years Lehman bankruptcy (user search)
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  10 years Lehman bankruptcy (search mode)
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Poll
Question: In hindsight, was letting Lehman Brothers go bankrupt the right thing to do?
#1
Yes. (D)
#2
Yes. (R)
#3
Yes. (L)
#4
Yes. (G)
#5
Yes. (O/I)
#6
No. (D)
#7
No. (R)
#8
No. (L)
#9
No. (G)
#10
No. (O/I)
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Partisan results


Author Topic: 10 years Lehman bankruptcy  (Read 2937 times)
Tintrlvr
Junior Chimp
*****
Posts: 5,311


« on: September 11, 2018, 10:03:07 AM »

Even if you oppose the way in which subsequent banks were bailed out, there really wasn't any advantage to the chaotic way Lehman went out. If the same thing had happened to AIG etc, the financial system would have gone into global meltdown that would have destroyed the world economy.

Right. This doesn't mean don't hold the individuals responsible (more than they actually were), but it was a mistake motivated by purely political considerations to let Lehman collapse and caused a lot of unnecessary collateral damage.
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