at the time of collapsing Lehman Brothers,, brother of Treasury Paulson asked his brother to rescue Lehman but his brother who was Treasury refused to rescue his brother at Lehman.
also in 2008 crisis, government shorted against 800 stocks including gm, and all other financial institutions.
each stocks lost value over 80 percent. where did all the money Go?
about 20 percent went to individual pockets who shorted the stocks. and the rest went to government.
I don't believe that. The gov did not hold one share of the Big 3 auto stock until after the bailout happened. I know. I held shares of GM and do follow who the institution and major shareholders are because I am a trader. I did lose money with GM and Bear Sterns almost wiped me out going into the financial crisis. They did a weekend bk where all shareholders can do is watch and cry.
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