# This can't be good - financial **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [September 15, 2008, 7:26am UTC](https://forums.speedlife.net/t/this-cant-be-good-financial/54916 "2008-09-15T07:26:15Z")\ **Posts on this page:** 7\ **Page:** 1
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [September 15, 2008, 7:26am UTC](https://forums.speedlife.net/t/this-cant-be-good-financial/54916/1 "2008-09-15T07:26:15Z")
> **[Lehman Files for Bankruptcy, Merrill Sold, AIG Seeks Cash](https://www.wsj.com/articles/SB122145492097035549)** > > Lehman filed for bankruptcy and Merrill Lynch sold itself to Bank of America on a day in which the U.S. financial system was shaken to its core. The federal government's refusal to provide support to potential Lehman buyers prompted Barclays and Bank... Discuss ---
**Author:** ![JoesTypeS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joestypes/32/7190_2.png) [@JoesTypeS](https://forums.speedlife.net/u/JoesTypeS)\ **Post date:** [September 15, 2008, 7:28am UTC](https://forums.speedlife.net/t/this-cant-be-good-financial/54916/2 "2008-09-15T07:28:01Z")
A little bit of government regulation a few years ago would have saved us all a lot of headaches ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [September 15, 2008, 7:30am UTC](https://forums.speedlife.net/t/this-cant-be-good-financial/54916/3 "2008-09-15T07:30:09Z")
You’re so predictable.😛 ---
**Author:** ![JoesTypeS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joestypes/32/7190_2.png) [@JoesTypeS](https://forums.speedlife.net/u/JoesTypeS)\ **Post date:** [September 15, 2008, 7:31am UTC](https://forums.speedlife.net/t/this-cant-be-good-financial/54916/4 "2008-09-15T07:31:16Z")
And RIGHT. There’s no denying that had the government regulated lending practices more the subprime disaster would have been greatly reduced or eliminated. There might have been a time when true “free-market” economics worked, but with it being so simple these days for people to make BILLIONS in the short term and then bounce with no consequences it’s time for some regulation. ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [September 15, 2008, 7:36am UTC](https://forums.speedlife.net/t/this-cant-be-good-financial/54916/5 "2008-09-15T07:36:52Z")
^I agree that once you catch these guys it is too late, the damage is done. So is this the begining of the end of the US empire? Some people have been talking about “the end” and it seems pretty extreme but the last 48 hours doesn’t look to good. Where are we headed? ---
**Author:** ![chino](https://avatars.discourse-cdn.com/v4/letter/c/bcef8e/32.png) [@chino](https://forums.speedlife.net/u/chino)\ **Post date:** [September 15, 2008, 7:38am UTC](https://forums.speedlife.net/t/this-cant-be-good-financial/54916/6 "2008-09-15T07:38:48Z")
also a repost, argue in the original thread 😛 ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [September 15, 2008, 7:40am UTC](https://forums.speedlife.net/t/this-cant-be-good-financial/54916/7 "2008-09-15T07:40:41Z")
Sorry, where? Found it.