Should the Fed bail out Lehman Bros. and/or WaMu to prevent them from going under?

[marmar]

from MarketWatch:


Lehman, WaMu among premarket losers in financials

By John Spence
Last update: 8:09 a.m. EDT Sept. 11, 2008Comments: 2


BOSTON (MarketWatch) -- Shares of Lehman Brothers were down more than 25% in premarket action before Thursday's opening bell, one day after the stock fell about 7% after the company announced a nearly $4 billion third-quarter loss. Washington Mutual Inc. was off more than 10% early Thursday. WaMu shares plunged about 30% on Wednesday on lingering doubts about the thrift's viability. Elsewhere in financials, Merrill Lynch lost 7% in premarket trading, Ambac Financial Group Inc. slipped 11%, PMI Group Inc. was down 7% and National City Corp. fell 6%.


http://www.marketwatch.com/news/story/lehman-wamu-among-premarket-losers/story.aspx?guid=%7BA175060C%2D6784%2D42E3%2DAD14%2DBA1274D9D4FF%7D&dist=hplatest

[mike_c]

1. "The Fed" is a construct that ultimately means you and I bailing out the banks....

The poll should read: "Should we sacrifice education, health care, and public safety services to bail out Lehman et al?"