Each one of the recent bailout scenarios (Bear Stearns, Fannie Freddie and now the potential Lehman) have been repeatedly described as being necessary in order to preserve the world financial system (collapsing institutions causing colossal counterparty risk and liability) and contain “ripple effects” but is this outlook just hysteria?Should Lehman Brothers be bailed out?
Where should bailing end ... with the sixth largest broker-dealer... the seventh?
