Lehman's Lesson
Letting Lehman go was a mistake. The event triggered a three-month market panic the likes of which no one living can remember, shutting down the interbank credit market and the commercial paper market and causing an instant run on money-market funds, and on the debt and stock prices of other large banks and investment banks. Full Story »
Posted by Derek Hawkins - via Google News (Business)
Personally, I would prefer regulations and interventions by governments. I would not trust too much in the creative forces of free market economy - Roy C. Smith defines them in his article basically as "greed" and "fear", something I would not wish to rely on for structuring the economy. Here, we need people with responsibility and accountability.