Monday, September 15, 2008

Winners and losers

Winners: Those with golden parachutes.
Losers: All the rest of us.

Lehman's woes heighten worries about other firms | Special Coverage | Reuters
NEW YORK (Reuters) - As Lehman Brothers Holdings stared failure in the face on Sunday, anxiety intensified about the health of several other big U.S. financial institutions.

"We will see other major financial firms fail," former Federal Reserve Chairman Alan Greenspan said.

"Indeed, we shouldn't try to protect every single institution. The ordinary course of financial change has winners and losers," he said on the ABC program "This Week."
Will someone please explain to me why Alan Greenspan isn't in stocks in the village square where little children can throw rotten apples at him?

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