They should have let their sisters play with them, and keep them out of trouble.
So, far the bailout for Bear Stearns seems like pretty nasty medicine, but with all the wailing on NPR, I'm wondering if it won't be too long until the taxpayer will be asked to sweeten the deals more.
Well, the taxpayer camel doesn't need another straw after carrying around a couple of wars and tax cuts for the wealthy worth of debt.
Maybe we can afford some tea and sympathy, but that should be all.
Read about a possible Lehman Bros problem at "Lehman rout tests Fed's resolve ".
As it is the Fed has opened the discount rate to investment bankers, who are still not regulated.
Some nice hopeful economists assure us that in the end they will be regulated after this.
But I have my doubts. After all, Bush never apologizes for invading Iraq does he?
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