[A.Hun]

In truth, an informal consensus had formed against using government funds to save Lehman. Harsh criticism of the earlier rescue of Bear Stearns — done with Bush administration support and Fed money — had left a deep scar. The Financial Crisis Inquiry Commission has published e-mails reflecting the mood.

This is something I have believed since it happened....If Lehman had been bailed out, the TARP might not have been needed.

However, the horrible shape of our financial system would probably have assured a collapse for another reason anyway.

People will be second guessing this economic event for the next century.

[nickcarraway]

TARP was not needed and made things worse. How can anyone even vaguely nonsocialist argue that Lehman should have been bailed out?

[RipSawyer]

“People will be second guessing this economic event for the next century.”
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I don’t know the details and probably never will but one thing I WON’T be second guessing is the FACT that it was engineered on purpose.