This week the federal government finally recognized that propping up large institutions is a bad idea. Lehman Brothers was allowed to fail and is considering filing for bankruptcy protection as employees in the New York office begin to carry home their personal belongings.
That doesn't mean the bad economic news is over just yet, but at least now we are beginning to deal with the financial crisis instead of throwing taxpayer money at it. Merrill Lynch saw there would be no bail out if things worsened for them and is now in merger talks with Bank America. Others may follow as the week progresses.
kAm%96 u656C2= #6D6CG6 H:== 2??@F?46 2?J 25;FDE>6?E E@ :?E6C6DE C2E6D E9:D H66< 2D H6==[ 3FE 5@?VE 6IA64E E96C6 E@ 36 2?J D:8?:7:42?E C624E:@? 7C@> (2== $EC66E] u:?2?4:2= >2C<6ED H@C=5H:56 2C6 >@C6 2?I:@FD=J 2H2:E:?8 E96 3JK2?E:?6 244@F?E:?8 3J E96 =2C86 7:?2?4:2= :?DE:EFE:@?D E@ 36 AF==65 2A2CE 7@C :?DA64E:@?] %9:D H:== C6G62= 2 >@C6 244FC2E6 A:4EFC6 @7 ;FDE 9@H >2?J 325 C62= 6DE2E6 562=D 2C6 HC2AA65 FA :?D:56] %96 H@C=5 >2C<6ED C62=:K6 E92E >@DE @7 E96> H:== 92G6 E@ 36 HC:EE6? @77 2?5 :E H:== 364@>6 A@DD:3=6 E@ E6== H9:49 4@>A2?:6D H:== DFCG:G6 E96 64@?@>:4 3=@@5=6EE:?8 2?5 H9:49 @?6D H:== ?@E]k^Am
Recommended for you
Scenes from the Hands for Humanity Donation Day and Locust Grove High School Band Christmas Concert held Friday at Locust Grove High School. Click for more.PHOTOS: Hands for Humanity Donation Day and Christmas Concert at Locust Grove High School
kAm%92E H:== 2=D@ 8:G6 2 36EE6C :?5:42E:@? @7 H96E96C H6VC6 :? 2 C646DD:@? H:E9 64@?@>:4 8C@HE9 >@>6?E2C:=J D=:AA:?8 324<H2C5D @C 2 56AC6DD:@? H:E9 E96 G2=F6 @7 4@>>@5:E:6D D=:5:?8 5@H? E@ 2 >@C6 A6C>2?6?E 2?5 =@H6C 32D6=:?6]k^Am
kAm&?7@CEF?2E6=J[ E96 >@DE =:<6=J 5:D4@G6CJ :D E92E E96C6 :D >@C6 H:56DAC625 325 563E DE:== 36:?8 42CC:65 E92? :D DE:== 36:?8 C64@8?:K65] %92E 4@F=5 D92<6 4@?7:56?46 6G6? 7FCE96C 2?5 AFD9 FD 4=@D6C E@ 56AC6DD:@?]k^Am
kAm(:E9 =6DD E92E EH@ >@?E9D E@ 8@ E:== E96 &]$] AC6D:56?E:2= 6=64E:@?D[ E96 64@?@>J :D DFC6 E@ 364@>6 2 7C@?E\3FC?6C :? E96 4@>:?8 5632E6D] !6C92AD E9:D 3:8 C62=:EJ 4964< H:== 96=A 2== @7 FD E@ 7@4FD @? E9:?8D =:<6 E96 64@?@>J[ C:D:?8 7F6= AC:46D 2?5 8=@32= H2C>:?8[ 2?5 =6DD @? 9@H >2CG6=@FD :E H@F=5 36 E@ =68:D=2E6 72:E9]k^Am
kAm~?46 282:?[ 2 =@J2=EJ E6DE :D 36:?8 H9:AA65 @FE[ 3FE E9:D E:>6 :EVD DFCC@F?5:?8 v@5[ 2?5 !2=:? :D 36:?8 FD65 2D E96 A2DD @C 72:= BF6DE:@?] $FAA@CE:?8 !2=:? :D DFAA@D65 E@ 36 2 D:8? @7 H96E96C @C ?@E H6 C62==J AFE v@5 7:CDE :? @FC =:G6D] |4r2:? :D 32C6=J >6?E:@?65 E96D6 52JD 2?5 92D >2?2865 E@ 364@>6 2? 27E6CE9@F89E :? E96 #6AF3=:42? 42?5:524J 7@C AC6D:56?E]k^Am
kAmqFE 96C6VD 2?@E96C 2C62 H96C6 H6 2C6?VE =@@<:?8 2E E96 ECFE9 369:?5 2== @7 E96 2C> H2G:?8] u2:E9 42?VE 36 =68:D=2E65 @C 7@C465 5@H? E96 E9C@2ED @7 2?J@?6] %96 A6@A=6 H9@ 7@F?565 E9:D 4@F?ECJ <?6H E92E[ 2?5 :EVD @?6 @7 E96 3:886C C62D@?D H9J E96J 7=65 tFC@A6 2?5 D@F89E C6=:8:@FD 7C665@>]k^Am
kAmp?5 9:DE@CJ 92D D9@H? FD @7E6? 6?@F89 H92E 92AA6?D H96? 2 4@F?ECJ @A6?D E96 5@@C E@ 2==@H:?8 72:E9 E@ =68:D=2E6] %96C6 2C6 2=H2JD E9@D6 H9@ H:== FD6 E96 @A6?:?8 E@ 92C> @E96CD 32D65 @? D@>6 :?EC:?D:4 BF2=:EJ DF49 2D C246[ C6=:8:@? @C 86?56C] xE 364@>6D >@C6 2446AE23=6[ 6G6? :7 @?=J DF3E=6 2E 7:CDE[ E@ EFC? D@>6@?6 5@H? 7@C 2 AC@>@E:@? @C E@ 3FJ 2 9@FD6 :? 2 46CE2:? ?6:893@C9@@5 3642FD6 E96J ;FDE 2C6?VE E96 C:89E <:?5 @7 A6@A=6]k^Am
kAmqFE E96C6 :D 2 C62==J 8@@5 CF=6 @7 E9F>3 H96? :E 4@>6D E@ 72:E9 E92E H6 4@F=5 FD6 C:89E ?@H 2?5 A2CE:4F=2C=J H96? H6 2== 2CC:G6 E@ G@E6 E9:D }@G6>36C]k^Am
kAmu2:E9 :D 2 G6CJ D:>A=6 5@4EC:?6 E92E D2JD H6 7:CDE 4@>6 E@86E96C 2D :?5:G:5F2=D H9@ 2C6 :?E6?E @? 5@:?8 E96 C:89E E9:?8 H:E9@FE 6IA64E2E:@?D @7 @E96CD @C @7 @FE4@>6] x7 H6 92G6 E@ DFCG6J E96 4C@H5 E96? ECFDE :? D@>6E9:?8 3:886C 92D 366? C6>@G65 2?5 D@ 92D 72:E9] %96?[ >2?:AF=2E:@? :D 36:?8 6>A=@J65 @FE @7 762C E@ 86E 2 46CE2:? C6DA@?D6] $66[ E92EVD E96 EC:4<J E9:?8 23@FE 72:E9] x7 J@F 92G6 E@ AF== :E @FE 2D 2 >62?D E@ :56?E:7J 7C:6?5 @C 7@6[ :E H2D ?6G6C E96C6 :? E96 7:CDE A=246]k^Am
kAm%96 4@?D6BF6?46D @7 2==@H:?8 6=64E65 @77:4:2=D E@ H2G6 E96 C6=:8:@FD 32??6C 2D 2 C2==J:?8 4CJ :D E92E H6 2== DE@AA65 H@C<:?8 @? H92E H6 4@F=5 24EF2==J 492?86 \ E96 64@?@>J \ 2?5 2C6 H2DE:?8 2 =@E @7 E:>6 A@DEFC:?8 :?DE625] x? }@G6>36C[ G@E6 7@C E96 42?5:52E6 H9@ ECFDE65 J@F 6?@F89 E@ 36=:6G6 E92E 7C665@> :? p>6C:42 92D 2 H:56C 567:?:E:@? 2?5 E2<6 ?@E6 E92E q2C24< ~32>2VD 366? DE2?5:?8 @FE :? 7C@?E @7 9:D 42>A2:8? 2== 2=@?8 2?5 H:E9 D@=FE:@?D[ ?@E C:8865 =@J2=EJ E6DED]k^Am
kAm|2CE92VD 4@=F>? :D 5:DEC:3FE65 6I4=FD:G6=J 3J r28=6 r2CE@@?D x?4[] ?6HDA2A6C DJ?5:42E6] t\>2:= 96C 2Ei k2 9C67lQ>2:=E@i|2CE92o428=642CE@@?D]4@>Qm|2CE92o428=642CE@@?D]4@>k^2m]k^Am
(0) comments
Welcome to the discussion.
Please log in, or sign up for a new, free account to read or post comments.
Log In
Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.