2008-09-10 — cnn.com
Some analysts have tossed out investment manager BlackRock , British bank HSBC and private equity firm Blackstone as potential bidders.
But why would any of them agree to take on all the risk without some assurance from the Fed? After all, that's exactly what JPMorgan got in the Bear deal.
Good point. The market may now actually let Lehman collapse just so it can get a government guarantee out of the deal. Talk about moral hazard and unintended consequences...
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