The weekend has brought us events that can only be described in large, over-the-top terms. The Fed agreeing to take equity on its balance sheet? How bad can things really be? Clearly much worse than most people thought last Friday. Moral Hazard has been re-introduced as Lehman is allowed to go down....
John Mauldin's Outside the Box
Filed under: Filed under: Michael Lewitt, Barry Ritholz, Economic Forecast, Bear Sterns, Financial Crisis, Fannie Mae, Freddie Mac, Bank Failures, Lehman Brothers, Bailout, AIG