Andrew Ross
Andrew Ross
bailing failure fallen greater magnitude next orders politics risk truth version
In truth, in the fairy-tale version of bailing out Lehman, the next domino, A.I.G., would have fallen even harder. If the politics of bailing out Lehman were bad, the politics of bailing out A.I.G. would have been worse. And the systemic risk that a failure of A.I.G. posed was orders of magnitude greater than Lehman's collapse.
exactly invest lend money returns trade
When you can't lend or trade - and you can't invest with the leverage that juiced returns to support seven- and eight-figure bonuses - how exactly are you going to make money?
fierce forgotten good-things
The blowback against a bailout of Lehman would have been fierce. It is often forgotten, but the prevailing wisdom the day after Lehman fell was that its collapse was a good thing.
april completing expected forward merger next occur phase prior serves
We look forward to completing this merger prior to the receipt of our new ticker symbol, which is expected to occur on or about April 13th. This merger serves as an important next phase in the reorganization and development of the Company.