IndyMac: 1985-2008
Bears Sterns: 1923-2008
Fannie Mae: 1923-2008
Freddie Mac: 1968-2008
Lehman Brothers: 1844-2008
Merrill Lynch: 1914-2008
American International Group (AIG): 1919-2008
Lehman Brothers survived WWI, WWII, and the Fukkin' Depression! But couldn't survive the housing crisis. Predatory Lending, the Housing Bubble Burst, and several other factors led to the demise of these and many more financial institutions. Many Americans were severely affected by this collapse.
But you don't see them getting bailed out by the Government. Except for a stimulus check that was gobbled up by Oil Companies who happened to increase gasoline prices during that time to $5.00/gallon; and grocery stores who raised basic food prices to record numbers during that time.
---------------------------------------------------------------------
ADDENDUM:
Bernie Mac: 1957 - 2008
No comments:
Post a Comment