[ExI] AIG Bail out

Lee Corbin lcorbin at rawbw.com
Fri Sep 19 06:44:50 UTC 2008

Samantha points out

> Funny thing is that JP Morgan put $130 billion into Lehman *in some 
> form* after they filed bankruptcy and the Fed paid them back much of it 
> with Lehman to give them priority among creditors for the rest.

Funny thing: in 1907, 101 years ago, J.P. Morgan bailed out the
U.S. financial markets himself, (with the help of a group of bankers
he organized). This led to the creation of the Fed five or six years
later, ostensibly to do the very same thing whenever needed.

Some things never seem to change.


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