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Politics in the Royal Borough of Windsor & Maidenhead

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    David Burbage MBE was Leader of the Royal Borough of Windsor and Maidenhead Council from 2007-2016. This blog : Promoted by Geoff Hill on behalf of David Burbage and all other Windsor and Maidenhead Conservative candidates, all of 2 Castle End Farm, Ruscombe, Berkshire RG10 9XQ
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Vince calls which way the Fed will go on Lehman Bros

Posted by davidburbage on September 17, 2008

http://news.bbc.co.uk/today/hi/today/newsid_7616000/7616089.stm

Stourton : They’re not going to be allowed to go bust, you say, but they have gone bust!

Vince : Well indeed but [ .. ] probably along the lines of Bear Stearns, the US Treasury will step in here.

I’m not sure this has happened … and Hank Paulson, who should know whether the US Treasury should/would/could act, rather has a different view to Vince

Paulson said the situation with Lehman was ‘very, very different’ from the one facing regulators earlier this year, when the Federal Reserve helped JP Morgan Chase (nyse: JPMnews people ) buy Bear Stearns.

and

Paulson said he ‘never once considered that it was appropriate to put taxpayer money on the line’ for Lehman.

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