Friday, October 17, 2008

Risk Drifts From Banks to Governments to You, Me: Mark Gilbert

Anyone who lost money in the collapse of Lehman Brothers Holdings Inc. should probably be reaching for their lawyers about now.

Our money -- yours and mine -- is now keeping the global financial system afloat. In a capitulation that beggars belief, governments all around the world have pledged our money -- yours and mine -- to fund a ``No Bank Left Behind'' program. And no matter what the politicians say, that means our money -- yours and mine -- is now at risk in the casino. To read more, please, visit - Bloomberg.com: Opinion

Related Story:

1) Nobel winner Krugman says world recession likely

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