Saturday, September 20, 2008

The students ask: Why bail out AIG, but not Lehman Brothers?

I was teaching a business salon class where we naturally talked about the financial crisis in America. The students were interested in the topic and seemed fairly will informed about it. They told me that Lehman Brothers was not bailed out because the Chinese had shares in it, while AIG which was bailed out had no Chinese shareholders.

Are you telling me that it was an American plot against China? I asked. Possibly, the students answered.

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