Motley Fool Money: 09.11.2009
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 11 September 2009
⏱️ 14 minutes
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| 0:00.0 | Welcome to Motley Full Money. |
| 0:06.4 | I'm Chris Elton. |
| 0:07.4 | I'm joined in studio by Motley Full Senior Analyst Seth Jason and James Early, and from |
| 0:12.3 | an undisclosed location that we like to call Montreal, Shannon Zimmerman. |
| 0:16.6 | Guys, happy Friday! |
| 0:19.2 | On today's show, Apple CEO Steve Jobs shows up in public, and Yahoo CEO Carol Bartz shows |
| 0:24.9 | up her predecessor. |
| 0:26.8 | But as we come up on the one-year anniversary of the Lehman Brothers bankruptcy, we begin |
| 0:30.6 | with this question. |
| 0:32.0 | Was the government right to let Lehman fail? |
| 0:34.6 | It was about this time last year. |
| 0:36.0 | Things started getting a lot uglier for the financial markets. |
| 0:38.9 | On Thursday, Treasury Secretary Tim Geithner said that Lehman's failure was not the main |
| 0:43.3 | cause of the financial crisis, but it did accelerate the downturn. |
| 0:47.2 | James, was the government right to let Lehman fail? |
| 0:49.7 | Chris, the honest answer is nobody knows, but one person who does know, at least claims |
| 0:53.5 | to be Jim Rogers, a hedge fund manager, who thinks that letting Lehman fail was the |
| 0:57.6 | only thing the government did right. |
| 0:59.6 | Now, Jim Rogers can be a little bit dramatic, but I think his point is very interesting. |
| 1:03.7 | In other words, in a short term, obviously it was good to bail out AIG, letting Lehman |
| 1:10.3 | fail her things in the short run, but in the long run, what's really the best move? |
| 1:14.2 | I mean, is it better for us to learn the lesson the hard way a little bit of pain initially, |
... |
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