I am watching the news this weekend and it appears that they are working towards some sort of solution to the Lehman Brothers problem, namely lining up a buyer to take over the company at a fire sale price. What the hell is going on in the economy? They are afraid that the failure of Lehman will cause a whole bunch of problems so it is better to organize a buyout(sort of a bailout) than let the company go under. That seems to be a growing trend. We working class stiffs need to start taking exception to some of this. They took down all the regulation in recent years, let the banks do whatever they wanted(loan money to deadbeats) and now we all have to pay for that. The companies have sucessfully privatized profits while socializing the losses. Investment bankers are vacationing on tropical islands enjoing their huge bonuses from the past few years and sticking the taxpayers with the bill from the inevitable losses. What a crock. We working class stiffs ought to be mad as hell about that. Something tells me this won't be the last bailout. It will take a while to work through this mess. Why the greyhound? Because I love them. No other reason.
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