Wednesday, September 10, 2008

The government needs to come to the rescue.

Wall Street’s Fears on Lehman Bros. Batter Markets

Published: September 9, 2008
http://www.nytimes.com/2008/09/10/business/10place.html?_r=1&scp=2&sq=lehman&st=cse&oref=slogin

One of the oldest and most successful investment banks is looking tot he government to help them after the selling of their stocks wiped nearly half the value of Lehman Bros'. stocks. The Lehman Bros. has survived over 157 years and through the great depression. People with strong federalist beliefs think that the government should step in and help stabilize the economy by buying stocks from Lehman Bros. They did this to several other companies and it looked like it was a success. I believe the government should help them because the Lehman Bros. has been alive for over 157 years and it would be a bad decision if the government did not help them.

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