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    Charlie Gasparino: Another Crash 'Has to Happen Again'
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    Of particular note, he said the "failure of Lehman meant that, barring extraordinary measures, Merrill Lynch, Morgan Stanley (MS), and Goldman Sachs would have failed as the credit market realized that if the government were willing to permit failures, then the cost of financing such institutions needed to be re-priced so as to invalidate their business models." Do you agree with Einhorn? Full Article at ETF Investor
    failure of Lehman meant that, barring extraordinary measures, Merrill Lynch, Morgan Stanley (MS), and Goldman Sachs would have failed as the credit market realized that if the government were willing to permit failures, then the cost of financing such institutions needed to be re-priced so as to invalidate their business models.
    SOURCE: ETF Investor 2 weeks ago
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Charlie Gasparino: Another Crash 'Has to Happen Again'
  1. heads I win, tails you lose
    SOURCE: ETF Investor 2 weeks ago

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