LEHMAN BROTHERS, MERRILL, AND AIG

by MullOverThis

Lehman Brothers, one of the largest US investment banks, has filed for bankruptcy. 

http://www.cnbc.com/id/26708143?__source=SI_44423773_2864553976_1

http://www.cnbc.com/id/26717762?__source=SI_44790158_2864917666_1

AIG appears to be making some preventative efforts from seeing its corporate demise, although they issued a statement ensuring that AIG policy holders would have their policies honored.

http://www.cnbc.com/id/15840232?video=858289212

Merrill Lynch is has been acquired by Bank of America through a corporate buyout to save their “hide”. 

In a nutshell, Wall Street has seen better days.  Meanwhile McCain still speaks of a strong US economy, which may be necessary to avoid  chaotic impulsive consumer choices that could send the market into a greater frenzy. 

I hope Americans continue to observe the various Presidential nominee reactions, plans and efforts to respond to the major market trumps we are seeing take place in our national economy.  The economy is a crucial relevant issue, moreso than Palin allegedly using state funds to subsidize her moose shooting flight escapades.   Many Americans have already lost their homes due to foreclosures, and the credit crunch has crippled others from meeting everyday needs.

Hopefully, we will truly be a kinder, gentler nation.  This is a time when those that have, should give to those that don’t have.  Not just through charitable donations where overhead may conveniently absorb much of what is given, but also by helping those who we see each day around us who we know are suffering and may not qualify for systematic assistance.  Many single working people who have been unemployed, or cannot pay student loans often slip through the cracks.  Families who may have lost the income of a spouse through sickness, or layoffs, may be feeling the “crunch” right now. 

I firmly believe we reap what we sow.  Although many are suffering because of good choices gone wrong, fraud, or bad judgment, the end result is that many are suffering.  So now is a good time for people to be kinder and more helpful to their own family, friends, colleagues, and community through giving money, skills, time and prayers for those who need to endure these hard times.

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One Comment to “LEHMAN BROTHERS, MERRILL, AND AIG”

  1. Usher: Deak, when is the church going to give back all the money it steals from the poor. When will it reap what it has sown?

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